Have we hit the Bottom of the Market?
As of:
Jan 26th | 30 yr Fixed | 15 yr Fixed | 5/1 ARM | 1 yr ARM |
Average Rate: | 5.12% | 4.80% | 5.24% | 4.92% |
Average Points: | 0.7 | 0.7 | 0.6 | 0.7 |
Previous Week's Rates |
Average Rate: | 4.96% | 4.65% | 5.25% | 4.89% |
Average Points: | 0.7 | 0.7 | 0.6 | 0.5 |
The rise in the interest rate was the first increase in the past 11 weeks! Have we hit the bottom of the market? Multiple Offers within 1st week on market, interest rate increase ... this could be it ... its going up! OR NOT!
This is the best time for anyone considering buying. Interest Rates are at all time lows, and prices are valued at early 2000 prices. If you have any questions about what YOU can accomplish in Central Florida's Real Estate Market - we are here for you.