West Palm Beach Mortgage Rates Hit an All-Time Low

West Palm Beach, Florida - Were you waiting for low interest rates to buy a West Palm Beach Home, Condo or other Real Estate in Palm Beach County?
Average interest on a 30-year fixed mortgage fell to an all-time low of 4.69 percent this week. These interest rates are down from 4.75 percent a week ago, reports Freddie Mac.

Although rates have held below 5 percent since early May, some Lenders note that demand for purchase loans has fallen in six of the past seven weeks and now is at a 13-year low. Consumers have grown used to low rates, he explains, adding that they balk at buying because they are more concerned about stagnant wages and high unemployment.

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Coming soon for all your Mortgage and Loan needs is Loan Rise.

West Palm Beach Home Insurance Information

5 Things About Florida Homeowners Insurance



This Video is helpful for West Palm Beach Homeowners or for anyone in Palm Beach County, Florida.
If you watch this Video you will find some guidelines to get the best coverage at the best price -- and not get dropped by your insurer. Florida Homeowners Insurance is needed when a Mortgage is in place for a Florida Home.

Florida Homeowners insurance policies are an important aspect of home ownership in Florida. When you are purchasing Florida home, the insurance can protect both you, your family and your home.

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Coming soon for all your Mortgage and Loan needs is Loan Rise.

Florida Existing-Home Sales

West Palm Beach Homes are continuing to sell. News is that existing-home sales remained at elevated levels in May on buyer response to the tax credit. Most Florida real estate consultants characterized this by seeing stabilizing home prices and historically low mortgage interest rates. Gains in the West and South were offset by a decline in the Northeast; the Midwest was steady.

Existing-home sales, which are completed transactions that include single-family homes, townhomes, and condominiums were at a seasonally adjusted annual rate of 5.66 million units in May. That is down 2.2 percent from an upwardly revised surge of 5.79 million units in April. May closings are 19.2 percent above the 4.75 million-unit level in May 2009; April sales were revised to show an 8.0 percent monthly gain.

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Coming soon for all your Mortgage and Loan needs is Loan Rise.

Home, Condo Sales Rise & Loanrise.com

West Palm Beach, Florida - Sales of existing homes and condos rose in all three South Florida counties and statewide in April, according to some figures from Florida Realtors.

The median price of homes in all three counties also rise.
West Palm Beach Homes saw the biggest year-over-year jump, with 918 homes sold – up 35 percent from a year ago, when 681 homes sold. The median sales price was up 2 percent, to $239,100 from $234,400.

Condo sales in West Palm Beach rose 39 percent, to 1,024 units from 735 in April of 2009. The median sales price rose 4 percent, to $102,000 from $98,200.

Contact us HERE to find your Real Estate in West Palm Beach.

Coming soon for all your Mortgage and Home Loan needs is Loan Rise.