Florida Mortgage Rates October 25, 2013

<a href='https://mortgageexpert.com/author/shahram/'>Shahram Sondi</a>
Shahram Sondi
October 25, 2013

Not much is happening today with markets being mostly flat to slightly higher. Anticipation for next week’s FOMC meeting may be holding back any investment moves.

Durable goods rose 3.7% in September which was above forecast. On the other hand, Consumer Sentiment fell to 73.2 which is the lowest since December 2012. Neither of these reports seem to be having any impact on stocks or bonds.

The Federal Housing Finance Agency (FHFA) announced yesterday that it will announce any changes in loan limits at the end of November, but these will not go into effect for at least six months. Right now, the conforming loan limit for Fannie Mae and Freddie Mac is $417,000 in most areas and up to $625,500 in higher priced locations.

Bonds have just about stalled, most likely because of next week’s Fed meeting. At this point, there doesn’t seem to be any expectation that the Fed’s will begin to taper MBS purchases which means that mortgage rates will remain in the low range for the rest of the year. With no major movement in MBS today, mortgage rates remain flat.

Florida Mortgage Rates October 25, 2013:

  • 30 Year Fixed Rate Mortgage – 3.75% (3.954% APR)
  • 15 Year Fixed Rate Mortgage – 2.75% (3.106% APR)

Disclosures

Check back tomorrow to get the newest rate updates!

Hi, I'm Shahram Sondi, your local mortgage expert.

I care about my clients. I believe good service is a must, but nothing is more important than saving my clients money.
  • FREE.
  • Fast.
  • No SSI Needed.
Shahram Sondi | NMLS 186790 CERTIFIED MORTGAGE ADVISOR™
Pre-Approval App
All rights reserved © 2023 Mortgage Expert, Inc. NMLS ID: 2412313 Location: 142 W Lakeview Ave, Suite 2050, Lake Mary, FL 32746 | Phone: (407) 955-9235 Content provided by Shahram Sondi The information provided on this site is for basic informational purposes only and IS NOT intended as a substitute for professional or legal advice. Notice: SHAHRAM SONDI + CO (License #: CQ1049127) and Mortgage Expert (NMLS ID: 2412313) are both wholly-owned entities of Shahram Sondi (NMLS ID: 186790, License #: BK3225742). Due to this relationship, any referral between these two entities has the potential to financially benefit Shahram Sondi. Under no circumstance are you required to engage the services of one or both of these entities. View $1000 Best Rate Guarantee Terms & Conditions
Get a quote