Miami Real Estate Mortgage Rates Drop

According to the Florida Association of Realtors, “Loan terms for 30-year fixed-rate mortgages fell to 4.63 percent from 4.89 percent for the week ending March 20, the Mortgage Bankers Association (MBA) reported Wednesday. That’s the lowest in the history of the survey, which began in 1990.”  According to real estate agents in the field, the interest in purchasing is picking up, and many buyers finally feel like the market is more or less at the bottom.  Unlike investors, buyers who know they want to purchase are moving on the homes they know they want to live in for the longer term and are very happy with the 4.6% rates they are receiving.  Those desiring to refinance are still having difficulty due to the low valuations of homes.

http://www.southptc.com/florida-home-refinance-mortgage.html