Friday, January 22, 2010

Rates on 30 Year Mortgages Below 5%

Mortgage rates declined for the third straight week. Great news for all home and condo buyers but really great news for first time home buyers who qualify for the $8,000 tax credit and long time homeowners who want to buy a new home and qualify for $6400 tax credit. Both expire in a few months so buyers must go under contract for their new home by April 30. Look for condos in Aventura, Miami Beach and Sunny Isles Beach where the number of sales have increased while home prices are beginning to bottom out.

Need help finding the right home or condo for you? Call me or go to my website property search at

1 comment:

  1. Very interesting Blog. It is great information for buyers. And with the new FHA guidelines Buyers now have the opportunity to purchase a condo or home at a great price and rates.
    Thank you so much for your input. Adriana Faerman