Palm Beach Real Estate and Loans

Late this week Freddie Mac reported that rates on both fixed and adjustable rate mortgages (ARMs) are tending back down again after the unfortunate jump up that they recently took.

The main example that they used was the rate on the popular 30 year fixed-rate mortgage, which fell to a national average of 6.03% after the recent spike to 6.24%.  At the same time last year, the same product was around 6.14%.

At first, that might not really seem to be that significant, but any movement DOWN is always better than UP.

Lower payments help to stimulate activity in real estate - it's very simple, the lower payments make homes more affordable so more people are able to purchase.

In addition, if you've been looking to re-finance your Palm Beach Gardens real estate, the time to act is NOW - before your ARM increases, not after!

Of course the rate is not the only thing that you need to consider when looking at a home loan, you have to look at the ENTIRE package before making a decision.

If you have any questions, please don't hesitate to call me @ 561-282-7406 - myself and the staff at Knightlines Mortgage Services will be happy to help.