The market is great...and properties are really starting to move here in Lighthouse Point.
Lighthouse Point is wonderful, and there are some amazing deals on the water or off the water that you can pick up right now for an incredible price. It's a great time to purchase in Lighthouse Point if you have done so.
Not Your Typical Realtor!
Jennifer Susanne Sommers
Keller Williams Realtyâ€”East Boca Raton
2424 N Federal Highway, Suite 318
Boca Raton, Florida 33431
A 30-year fixed-rate mortgage fell to an average of 4.72 percent in the week ending June 10, while the average rate on a 15-year fix fell to 4.17 percent. That is the lowest a 15-year fix has been since Freddie Mac began tracking 15-year mortgages nearly two decades ago.
A one-year adjustable-rate mortgage fell to an average of 3.91 percent.
â€œFollowing a relatively weak unemployment report, bond yields fell this week and mortgage rates followed,â€ says Freddie Mac (NYSE: FRE) chief economist Frank Nothaft.
Mortgage rates in New Mexico remain low as well. A 15-year fixed loan is 4.12 percent, while a 30-year fixed loan is 4.75 percent, according to MortgageLoan.com.
Despite historically low rates, homebuyer interest has waned since the homebuyer tax credit expired at the end of April. The Mortgage Bankers Association this week reported mortgage applications last week fell to the lowest level since April, while the number of sales fell for the fifth consecutive week.