• What's your scenario?

    When it comes to getting a mortgage, you've got more options than you think. Everyone's situation is different. Tell me your scenario below, and I'll present you with all your options.


Close this form
close

407-704-8729

Questions? Give us a call!
Ready for your free, no-obligation personalized rate quote?
Get Started Today

Florida Mortgage Rates October 11, 2013

So now we’re at Day 10 of the government shutdown with no end in sight, although, at least meetings have been set up between the President and Congress. Just news of meetings and the hope of a deal sent stocks surging yesterday and resulted in slight increase in Florida mortgage rates compared to earlier this week.

Consumer Sentiment, which is how Americans look at the economy, dropped to 75.2 in October from 77.5 in September, according to The Thomson Reuters/University of Michigan’s preliminary reading. Even though this was the lowest figure since January and lower than what was expected, stocks continued to climb today. Normally, this type of report would send investors running for safe assets, meaning bonds.

MBS prices were up this morning, but as stocks continue to rise, MBS have fallen back. When MBS prices go down, mortgage rates generally go up. This is something to watch in the coming days if talks continue. The reality is, expect mortgage rates to rise, at least temporarily, when a deal is done.

The bond market will be closed on Monday, October 14th, in observance of Columbus Day.

Florida Mortgage Rates October 11, 2013:

  • 30 Year Fixed Rate Mortgage – 3.875% (4.061% APR)
  • 15 Year Fixed Rate Mortgage – 2.875% (3.216% APR)

Disclosures

Check back tomorrow to get the newest rate updates!

When it comes to getting a mortgage

you have more options than you think

customer_for_life customer_for_life_mobile
  • Call Today! (407) 704-8729 Hours: 8:30am to 9:00pm EST

  • View $1000 Best Rate Guarantee Terms & Conditions | All rights reserved © 2018 Florida Home Funding.

    Sondi And Associates, Inc. dba Florida Home Funding. NMLS ID: 870878 Location: 390 N Orange Ave #2125, Orlando, FL 32801 | Phone: (407) 704-8729

    Content provided by The information provided on this site is for basic informational purposes only and IS NOT intended as a substitute for professional or legal advice. Notice: My Town Realty (License #: CQ1049127) and Florida Home Funding (NMLS ID: 870878) are both wholly-owned entities of Shahram Sondi (NMLS ID: 186790, License #: BK3225742). Due to this relationship, any referral between these two entities has the potential to financially benefit Shahram Sondi. Under no circumstance are you required to engage the services of one or both of these entities.
  • Florida Home Funding