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Florida Mortgage Rates October 21, 2013

It may turn out to be a volatile week as reports that were put on hold during the government shutdown start to roll out. Tomorrow, the jobs report for September is going to be released by the Labor Department; month end data on jobs is usually a market mover that doesn’t always lead to better pricing for mortgage rates.

The National Association of Realtors reported today that Existing Homes Sales for September dropped 1.9%, but were still 10.7% higher than last year at the same time. August sales were revised to unchanged from July. Existing homes sales include single-family homes, condos, townhouses and cooperative apartments.

Stocks and bonds are mostly flat today while investors hang on for tomorrow’s jobs report. Expectations are for 183,000 new workers added on in September. For today, Florida mortgage rates are mostly unchanged.

Florida Mortgage Rates October 21, 2013:

  • 30 Year Fixed Rate Mortgage – 3.875% (4.051% APR)
  • 15 Year Fixed Rate Mortgage – 2.875% (3.215% APR)

Disclosures

Check back tomorrow to get the newest rate updates!