Mortgage Rates Rise for First Time Since June 25

Written by Florida Condotel Mortrgage on July 23, 2020. Posted in Florida Condotel Mortgage.

The 30-year FRM averaged 3.01% this week after dropping below 3% last week for the first time in at least 50 years. One year ago, the FRM averaged 3.75%. #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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