Mortgage Rates Much Lower After Fed Keeps Policy Change on Hold

This is great news for home buyers looking to be in the Pine Island, Matlacha, Cape Coral, and the greater Ft. Myers area.

Let the Realtors at Gulf Access Realty assist you! 239-283-5450

 

Mortgage rates surged lower today following the long-awaited policy announcement from the Federal Reserve.   Conforming, 30yr Fixed rates fell to 4.5% with some of the more aggressive lenders still competitively priced at lower rates (best-execution).  This doesn't mean that 4.25% at one lender would be equivalent to 4.5% at another lender in terms of closing costs--simply that the 4.25% scenario may be worth looking into to see if the extra cost makes sense for you.

BY MATTHEW GRAHAM

Sep 18 2013, 5:34PM

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