Tallahassee Real Estate Blog

Tallahassee real estate Pop Quiz - Multiple Choice!  What's the lowest nationwide average 30-Year mortgage rate recorded by Freddie Mac? (Freddie Mac has been keeping records since 1971.)

A.  6.67%

B.  1.25%

C.  5.21%

According to Freddie Mac's Primary Mortgage Market Survey (PMMS), the lowest rate recorded was 5.21% for the weeks of June 13, 2003 and June 20, 2003. 

What was the highest recorded?  18.63% for the week of October 9, 1981.  That's not a misprint for those of you who aren't familiar with that time.  18.63%.  Plus you had to pay 2 points!  Wow!

This weeks Freddie Mac reported rate is 5.98%.  It goes without saying that we're a lot closer to the historic low than we are to the historic high.  It's a great time to buy!  

Check out all of www.TallaHome.com for more info!  

Are you looking for a mortgage lender in Tallahassee to purchase a great Tallahassee home?  We have a number of recommended lenders you can choose from - whether your a Tallahassee first time buyer, or a seasoned investor.  Call us - 850.445.2476.

Terance Keenan