Yesterday, Freddie Mac reported that the average 30-year fixed mortgage interest rates fell just below 4% for only the second time this year. Chad Wandler, a Freddie Mac spokesman, stated that these interest rates have not been this low for 60 years when long-term rates were recorded.
Freddie Mac stands for Federal Home Loan Mortgage Corporation, which is a government-sponsored entity first organized in 1970 to buy mortgages on the secondary market and help expand the availability of money for home loans. Freddie Mac’s Vice President Frank Nothaft stated that,”Soft home prices and low mortgage rates have kept home-buyer affordability historically high.”
I have been professing that now is truly the best time to buy a home in Parkland or South Florida. With interest being under 4% and home prices at record low numbers, what are you waiting for? Sellers that have their Parkland homes on the market are serious about selling. Now is the time to purchase a home in the City of Parkland. What a great start to 2012 by owning a home in Parkland, Florida and living the Parkland lifestyle.
Know the neighborhood. Know the value. Know your Parkland hometown agents: The Parkland Parrot Real Estate Team. If you are interested in buying or selling a home in Parkland or South Florida and are looking for experience local Realtors, please do not hesitate to contact us at: 954-609-0591 or send us a message here.