Another Record Broken: 30-Year Mortgage Drops to 2.86%

Written by Florida Condotel Mortrgage on September 10, 2020. Posted in Florida Condotel Mortgage.

The average rate dropped from last week’s 2.93% and its previous record-low Aug. 13 of 2.88%. It’s also cheaper than the average adjustable-rate loan (3.11%). #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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