Florida Mortgage Trends

Surprise Rate Drop Starts in 2016 & Home Purchases ReBound

2/4/16

Rates Drop to Start 2016 with a Bang

With Stock market in turmoil a surprise has happened in the Home Interest rates available to home buyers and refinance candidates in home ownership. Current Interest Rates are the lowest today than they have been in the last 3 months. This month has set-up what will be a strong buying season in Florida that will start with the great weather in Brevard County in March of 2016. We at AmeriBest Mortgage don't charge any Bank or Mortgage Broker fees saving our clients up to $1,600 in local competitors mortgage fees.

So if your in the market for a new Home anywhere in Florida, call AmeriBest Mortgage today at (321) 777-7277!

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US Home Purchases Rebound in 2015

U.S. home sales rebounded in December after new regulations had delayed the completion of purchases in November. New Mortgage rules nationwide called TRID started and is designed to slow down the mortgage process for borrowers giving them more time to shop for a mortgage and review their closing costs days before the closing date. Total sales sold in 2015 were the most in the last 9 years.

The National Association of Realtors said recently that sales of existing homes climbed 14.7 percent last month to a seasonally adjusted annual rate of 5.46 million. Sales had previously plummeted as the industry adapted to new mortgage disclosure rules – a temporary downturn before delayed sales were finalized in December.

December’s rebound concluded a year that produced the highest annual sales total since 2006. Steady job growth and low mortgages drew more buyers into the market, causing both sales and prices to climb.

Americans bought roughly 5.26 million homes in 2015, a 6.5 percent increase over 2014.

Posted in:General and tagged: Interest rates 2016; Housing Sales 2015

Posted by Scott Bray on February 4th, 2016 1:17 PM

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Florida Mortgage Trends

Surprise Rate Drop Starts in 2016 & Home Purchases ReBound

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