Primary Mortgage Market Survey®

Its hard to believe, but mortgage rates have hit record lows once again this week. According to Freddie Mac’s Primary Mortgage Market Survey the 30 year fixed rate is currently averaging 2.87% and the 15 year rate is at 2.35%. This unbelievably attractive financing has enticed first-time homebuyers throughout Florida and nationwide to jump into the real estate market. In fact, first-time homebuyer activity has hit its highest level ever in the month of August and has really helped to drive the demand in the housing market.