Mortgage Rates Drop to Record Low – 8th Time this Year

Written by Florida Condotel Mortrgage on August 6, 2020. Posted in Florida Condotel Mortgage.

The average rate on a 30-year, fixed-rate mortgage fell to 2.88% this week compared to last week’s 2.99%. One year ago, it was 3.60%. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary 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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