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Mortgage Rates August 27, 2013

After a week of a bloodbath in the bond market, mortgage bonds are starting to recover.  With the tension created in the international community regarding Syria, investors are moving more money into the bond market. As a result, this helps lower 30 year mortgage rates in Florida.  If the bonds continue to hold on to the gains, we should see lenders lower their mortgage rates today compare to the high trends we have seen in the past week.

August 27, 2013 our updated mortgage rates in Florida are:

  • 30 Year Fixed Rate Mortgage – 4.125% (4.291% APR)
  • 15 Year Fixed Rate Mortgage – 3.125% (3.466% APR)

Disclosures

Check back tomorrow to get the newest rate updates!