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Mortgage Rates Still Record Low

It is truly unbelievable that mortgage rates continue to remain below 4%.  The 30-year mortgage rates averaged 3.87% last week  – the 28th consecutive week with sub-4 percent rates. The 15-year mortgage rates averaged 3.11%. 

Mortgage Rates 2015Today, home buyers can purchase 10% “more home” than last year. So if you as a buyer qualified for a $400,000 home in June 2014, then you could probably afford $440,000 in today’s market.

If you think like me, you may want to know how that applies to you. Estimate that mortgages average $470/month for every $100,000. In addition, add HOA dues, property taxes and insurance. Some borrowers may need private mortgage insurance (PMI). I can help you find the HOA fees, estimated new property taxes and property insurance quotes.

I highly recommend to my buyers that they get pre-qualified or preferably pre-approved before looking for a home. It’s a fast moving market and they need to be ready to act. 

It is a win-win time for both home buyers and sellers!!

I’d be happy to help you!! Please call me (561)827-2952 with questions.

About Susanna Grubb

Susanna can help you sell house in Jupiter or buy Jupiter homes for sale. Jupiter to Palm Beach real estate Florida waterfront homes, golf & country club homes, horse farms and beach condos. CITY: Jupiter Island, Jupiter Inlet Colony, Tequesta, Jupiter, Palm Beach Gardens, Singer Island - Palm Beach Florida homes. GOLF & COUNTRY CLUB HOMES: Admirals Cove, Ballenisles Country Club, Country Club at Mirasol, Frenchmans Reserve, Jonathans Landing, Jupiter Country Club, Jupiter Hills Club, Loxahatchee Club, Old Marsh Golf Club, Old Palm Golf Club and Tequesta Country Club.