Mortgage Rates Head Below 3% for Second Time

Written by Florida Condotel Mortrgage on July 30, 2020. Posted in Florida Condotel Mortgage.

The average 30-year, fixed-rate mortgage averaged 2.99% this week, according to Freddie Mac – only a tick above its all-time low of 2.98% set two weeks ago. #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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