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.

BING NEWS:
  • President Obama Weighs His Economic Legacy
    Two months ago, across an assembly-room table in a factory in Jacksonville, Fla., President Barack Obama was talking ... Economists credit the Fed’s policy of keeping interest rates at historic lows with helping to pump up the economy and bring ...
    04/28/2016 - 6:28 pm | View Link
  • Low interest rates provide boost to auto loan business
    Even lower rates are helping the auto ... in Miramar, Fla. That's cheaper than the current all-time record low of 3.31 percent for a fixed 30-year home loan, according to lender Freddie Mac, which monitors mortgage rates. The low rates on auto loans ...
    11/24/2012 - 10:01 am | View Link
  • US rate on 30-year fixed mortgage near record low
    WASHINGTON -- The average U.S. rate on a 30-year fixed mortgage has fallen to near its record ... are helping fuel a modest but steady housing recovery. The average rate on the 30-year loan has remained below 4 percent all year. And rates have fallen ...
    10/20/2012 - 8:12 pm | 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
  • Mortgage rates fall again
    Mortgage experts say the slew of negative economic reports released this week have helped keep rates near record lows. In the 26-year history ... president of FBC Mortgage in Orlando, Fla. Double dip in home prices Home prices hit a new low in March ...
    06/3/2011 - 3:00 pm | View Link
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