Record Low Mortgage Rates Helping S. Fla Economy

Record low mortgage rates are giving a burst of energy to the sluggish South Florida economy with new homebuyers spending money on furniture, appliances and remodeling jobs while refinancing homeowners have extra money in their pockets with their lower monthly payments, economists said.

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    Since bank interest rates run as low as 2 percent and automakers offer no-interest financing, buyers now have a choice between a lower payment or a nicer car. Unlike rising mortgage rates ... demand for cars also is helping to drive up prices.
    09/8/2013 - 1:26 am | View Link
  • Car prices hit record as buyers load up
    Since bank interest rates run as low as 2 percent and automakers offer no-interest financing, buyers now have a choice between a lower payment or a nicer car. Unlike rising mortgage rates ... demand for cars also is helping to drive up prices.
    09/6/2013 - 5:39 pm | View Link
  • Car prices hit record as buyers load up on options
    But if interest rates return to pre-recession levels, the payment jumps to $510, raising total costs by $1,728. That could cause a buyer to cut features to keep the price down. Rising demand for cars also is helping to drive up prices. Last month ...
    09/6/2013 - 9:15 am | View Link
  • Record low mortgage rates helping S. Fla economy
    Record low mortgage rates are giving a burst of energy to the sluggish South Florida economy with new homebuyers spending money on furniture, appliances and remodeling jobs while refinancing homeowners have extra money in their pockets with their lower ...
    07/5/2012 - 8:59 am | View Link
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