For the first time in four months, Sarasota real estate mortgage rates dropped below 5% Freddie Mac said on October 2. Although still above the lowest rates for 2009, the average rate for a 30 year mortgage was 4.94%. The week ending May 28 saw the lowest rates thus far.
Signed contracts are up for the 7th straight month according to the National Association of Realtors indicating more positive news for the Sarasota real estate market. Freddie Mac’s economist point out that these low interest rates are helping to “stabilize homes sales.”
Buyers may want to consider purchasing a Sarasota home now as the Federal Reserve announced last week that they are slowing down a program to reduce mortgage rates. Rates, according to analysts, will probably remain low for awhile but will certainly see a move upward eventually.
If you think now is the time to purchase one of the Sarasota Florida homes for sale, give our Sarasota real estate team a call for the most professional services available in this market.
Wednesday, October 14, 2009
Sarasota Real Estate Mortgage Rates Below 5%
Wednesday, October 07, 2009
Best Places to Buy a Home - Sarasota, Florida No. 1
Did you see Barbara Corcoran on the Today Show yesterday? Ms. Corcoran, real estate correspondent for the Today Show told Al Roker in an interview that Sarasota Florida is “the number one place to buy a home today!” Citing "the beaches, warm weather, the culture, the homes and the people," Ms. Corcoran said prices have stabilized in Sarasota after a huge drop and are on the way back up.
For the entire Today Show interview, see video below.
If you are searching for a Sarasota homes for sale, contact us for information or to make an appointment to view Sarasota real estate.
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