Sunday, December 22, 2013

Mortgage Interest Rates Creeping Up Again. What Effect Will It Have on Lakewood Ranch Home Sales?

The average mortgage interest rate on a 30-year fixed rate loan in the United States edged up to 4.47% last week, up from 4.42%  while the 15-year rate also rose to 3.51% from 3.43% the previous week.  The average fee for a 30-year fixed rate remained unchanged at 0.7 points while the fee for a 15-year loan edged downward slightly to 0.6 points.

While interest rates are not the only factor in a decision to buy a home", says Dick Plumb, a Realtor who sells a lot of homes for sale in Sarasota as well as Bradenton homes for sale, "it is clearly something to watch closely as the Sarasota and  Bradenton real estate market tries to extend its recovery from the bust that wrecked the Sarasota real estate market in 2008 and 2009.

Lakewood Ranch is one of the few areas that suffered relatively less than other areas because it is such an attractive place to live; a huge master-planned community that combines all the components of "a wonderful life."    Located on the southeastern edge of Manatee County next to Sarasota Florida, Lakewood Ranch is a place to enjoy life, a community including more than one golf course neighborhood as well as a place that will provide you with lasting friendships and memories. Homes and condos in Lakewood Ranch come in a wide variety of styles, amenities and price ranges.

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