Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. Few are able to take advantage of the historic rates, but if you are, this is the time to buy.
Freddie Mac said Thursday the average rate on the 30-year fixed mortgage fell to 3.89 percent. That’s below the previous record of 3.91 percent reached three weeks ago.
Records for mortgage rates date back to the 1950s.
The average on the 15-year fixed mortgage ticked down to 3.16 percent. That’s down from a record 3.21 percent three weeks ago.
As of today, Dec 13, 2011, the forecast is a dry, sunny 78 degrees. There are 323 foreclosed properties (bank owned) in Pinellas County, the best part of the Tampa Bay area, where some of the most fabulous beaches in the world are located.
163 of those are single family residences, 119 are condos, and the rest are either townhomes or villas.
Contact me if you’d like to look into a foreclosed deal and get your own piece of paradise.
Having problems keeping up with your monthly payments? If you are, you have company, several millions of your fellow americans are in the same situation. There are several different plans to help you. I’m an experienced Real Estate Consultant with an SFR certification, (short sale and foreclosure resource). Contact me for a no obligation, free consultation and process.