Mortgage Interest Rates are Still Going Up… Should You Wait to Buy? – Maggie Rose, Realtor, Presents South West Florida Luxury Homes

Today, current mortgage rates remain at historic lows around 4% – with over 63% of homeowners with mortgages paying interest rates between 3% and 4.9%, according to the Census Bureau. As of June 2017, interest rates for new 30-year mortgages were as low as 3.89%.

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Mortgage Interest Rates Are Going Up. Should I Wait to Buy? – Maggie Rose, Realtor, Presents South West florida luxury homes purchase mortgage applications hit 8-year high. The average contract interest rate for 30-year fixed-rate mortgages (frm) with conforming loan balances of $453,100 or less increased to 4.36 percent, its highest level.

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Bank of America expands short sale incentive to $30,000 Bank of America said Tuesday it’s launching a nationwide program that pays homeowners as much as $30,000 to complete short sales. The lending giant tested a similar program in Florida last year.

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