30-Year Fixed Rates Continue Downward Trend
As we head into the holidays there is welcome relief from the mortgage markets with 30-year fixed rate mortgages averaging just 6.27%. This is the 6th straight week the 30-year rate has dropped since peaking just above 7% in November. With housing inventory on the rise throughout South Florida and the busy winter season almost here, lower interest rates should help those buyers who are struggling with housing affordability.
