For the fourth week in a row, rates remain below 3.30, which is remarkably low. In fact, there is only one other time that rates have been lower(1971, in which the rate was 3.23) than the 3.24 recorded last week.
View properties available in the area today. Start your search for your dream home or real estate property now. Or, use my Find Your New Home form and I'll conduct a personalized search for you.
Record low rates especially when buying a home in Orlando will prove to be beneficial for the buyers who are still in the market. If you're considering buying real estate in Orlando, it is especially important to lock in one of these rates as soon as you possibly can. Now that we are in the summer season here in Orlando, Real Estate tends to get especially competitive.
Just for comparison's sake, I went to my calculator page, which you can do here, and I selected the mortgage calculator, with a 300k mortgage, 3.24 rate, taxes of $2,500 a year, and a $1,500 insurance rate per year, and it gave me a payment of $1,623. Same exact numbers at a 4.5% gave me a payment of $1,853. Over $200 in difference! If you're looking to make the leap from renter to homeowner, now is the time! Call me now so we can start the process of buying a home in Orlando right away!
Take the first step in finding your new home. We are dedicated to matching you with the home that fits your criteria.