U.S. Long-Term Mortgage Rates Change Little; 30-Year at 2.87%

Written by Florida Condotel Mortrgage on September 17, 2020. Posted in Florida Condotel Mortgage.

The average rate on a 30-year loan edged up to 2.87% from 2.86% last week. A year ago, it averaged 3.73%. Housing demand remains a bright spot during the pandemic. #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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