Freddie Mac reported that both fixed and adjustable rates hit all time record lows last week. The 30-year fixed rate mortgage averaged 4.12 nationwide. The 5 year adjustable indexed to Treasury rates dropped to 2.96.
In the Tallahassee real estate market, obtaining a $170,000 mortgage for a median-priced home would result in an EXTREMELY LOW $823. Add about $60 for homeowner insurance and $160 for taxes, and you can own a Tallahassee home for about $1043 - less than many homes rent for.
Give us a call at 850.329.0050 to see what Tallahassee home ownership options are available for you!
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