CONSIDER LOCKING IN YOUR MORTGAGE INTEREST RATE

It may be time to lock in your mortgage interest rate in you are interested in buying a home in the next few months in Palm Beach Gardens, West Palm Beach, Jupiter, Juno Beach, West Palm Beach or throughout the Palm Beach County area.

Mortgage interest rates have increased for the fourth week in the row and now stand at 6.53 percent nationally for a 30-year fixed mortgage, up from 6.42 percent last week. 

For the increasingly popular 15-year fixed mortgage, rates are at 6.22 percent nationally, up from 6.12 percent last week.

In Palm Beach County, the 30-year fixed rate mortgage ranged from 5.97 per cent to 7 percent while the 15 year fixed rate mortgage ranges from 5.95 percent to 6.75 percent.

Most students of the economy are attributing the increase in interest rates to new inflationary pressures and to an increase in labor costs.  Neither of these conditions will lend themselves to a fast solution.  Nor do most observers expect the Federal Reserve Board to lower iinterest rates anytime soon.

So if you are interested in buying a new home in Palm Beach Gardens, West Palm Beach, North Palm Beach, Jupiter or Juno Beach, you might consider talking with a mortgage broker and locking in a suitable interested rate sooner rather than later.

The Weiss-Clawson Team is ready to help you in your home search.  We are an award winning duo of Realtors with a passion for customer service and an unmatched kinowledge of local real estate.  Please contact us with any questions you may have, or to begin your home search.

• Rate this Post!

  Select Your Rating:

  • 5 Stars (Excellent!)
  • 4 Stars
  • 3 Stars
  • 2 Stars
  • 1 Stars (Poor)

• Share this Post

  Share With A Friend:

  Your Name Your Email

  Friend's Name Friend's Email

  Optional Message

  Send

• Print
• Social Bookmarking

  Add to Bookmarks: