Central Florida Homebuyer's Information

Published 19 May 09 10:20 AM | Lee Rosa 

As of:
May 14th

30 yr Fixed

15 yr Fixed

5/1 ARM

1 yr ARM

Average Rate:

4.86%

4.52%

4.82%

4.71%

Average Points:

0.6

0.6

0.6

0.6

Previous Week's Rates

Average Rate:

4.84%

4.51%

4.90%

4.78%

Average Points:

0.7

0.7

0.6

0.6

Has there been a better time to purchase a home for first time homebuyers?  I am not sure, after all the government is handing out a $8,000 tax credit (can now used as a down payment) and interest rates are extremely low. 

How long will it last?

I am not too sure … however what I do know is … the “best” properties are being gobbled up within days, by the growing homebuyers in our Central Florida market.

Do you want to know more about the $8,000 tax credit? Contact me today.

Lee Rosa is a Realtor® specializing in new home construction Get in touch to find out more about moving to Central Florida Real Estate - 407 227 9182.

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Comments

# Kate said on May 22, 2009 12:28 PM:

Wow. $8,000 is a lot and those interest rates are really low! And you can use the $8,000 as a down payment? I know a couple of people who had lower down payments than that when they bought their houses last year...too bad.

Thanks for the info, I'll pass it along.

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