We are always happy to report when mortgage interest rates go lower, but this is getting ridiculous. Rates hit historic lows again the week of January 7th and they have now settled just a bit higher, with the 30 year fixed average at 2.77% according to Freddie Mac’s Mortgage Rate Survey. Nobody in the real estate or mortgage business could have predicted this, but it keeps happening. So, if you haven’t refinanced or purchased yet, now is definitely the time. And, if you already own property in South Florida and you are thinking of stepping up to a more expensive property then opportunity knocks. Our affordable inventory is at all time lows and the luxury market still has some deals. Check out our latest inventory report in the Fort Lauderdale, FL area for more information.
