30-Year Mortgage Rate Up – But It Remains Below 3%

Written by Florida Condotel Mortrgage on August 13, 2020. Posted in Florida Condotel Mortgage.

The average 30-year, fixed-rate loan rose to 2.96% this week compared to last week’s record-breaking 2.88%. One year ago, the 30-year FRM average 3.6%. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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Rates posted assumes 25% down payment, and an ARM and fixed rate first mortgage on a Florida condotel, secondary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions.

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