Wednesday, March 30, 2011
Tampa Real Estate: Mortgage Rates Drop For Third Straight Week
Posted In Categories: Tampa Foreclosures, Tampa Real Estate, Tampa Short Sales
Tampa Real Estate
The average mortgage rates have declined for a third straight week, making home buying more affordable.
The 30-year fixed loan rate fell to 4.87 percent in the week ended March 3 from 4.95 percent a week ago, and the average 15-year rate fell to 4.15 percent, from 4.22 percent, according to Freddie Mac.
In the Tampa real estate market
sales have been strong and we’ve notice a lot more activity from home buyers. Most sales are coming from bank foreclosed homes and short sales. Prices aren’t expect to recover anytime soon but many people in the Tampa real estate market believe we are very near the bottom.
Homeward Real Estate
has several HAFA (Home Affordable Foreclosure Alternative) Certified agents. If you have questions regarding short selling your home, please call Homeward and ask for our short sale department. We can be reached at (813)441-0400.