• 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

Mortgage Rates August 5, 2013

Both stocks and mortgage bonds started off a bit lower this week, despite having given us some promising gains last Friday. WE can probably expect them to slip a little further toward the falling trend line later on today, as new 10 and 30 yr. notes are released by the treasury this afternoon and there’s not much hope that the market will be able to absorb them. Though there’s not much reason to lock just yet, keep your ear to the ground for further developments. WE expect rates to continue rising.

August 5, 2013 our updated mortgage rates in Florida are:

  • 30 Year Fixed Rate Mortgage – 4.125% (4.361% APR)
  • 15 Year Fixed Rate Mortgage – 3.125% (3.536% APR)

Disclosures

If you missed it last week, the Bureau of Labor Statistics came out last week and showed that fewer jobs had been created than expected- about 20,000 fewer to be more exact. However, the rate of unemployment dropped from 7.6% to 7.4%. Note that the rate of unemployment is determined by how many people are collecting some kind of unemployment assistance, so it’s hard to know whether or not this drop is anything to be happy about. What we do know, is that the unemployment threshold will play a major role is determining in what the Fed decides to do in September. Some experts are telling us that we shouldn’t expect any major changes until at least next year. But considering the effect every one of these reports and decisions has on the mortgage rates (on even just a daily basis) we say be prepared for anything.

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