So rates are coming down in small increments. That makes it an even better time to look to invest in the Destin Florida Condominium market. Destin has always been one of those towns that was just enough of a sleeper to allow values to stay high with prices staying low. Now of course the high times didn't miss Destin Florida and the condominiums saw their fair shake also...but in today's market these prices are back down to a very affordable price. The article below puts a little more insight into the current trends of rates and allows us to have a little more security when Investing in Destin Florida whether it be the condominium market or the residential home market. More information on Destin Florida can also be found at www.InvestSmarter.com where we are looking out for the best Destin Florida Real Estate for your needs.
30-Year Mortgages Edge Down Slightly: Freddie Mac Chief Economist Frank Nothaft says the housing slump, along with rising mortgage delinquencies and foreclosures, has taken a toll on homeownership rates and prevented significant movement in mortgage rates during the week ended May 8. The 30-year fixed rate slipped to 6.05 percent from 6.06 percent a week ago, while the 15-year fixed rate bumped up to 5.60 percent from 5.59 percent. Over the same period, the five-year adjustable mortgage rate fell to 5.67 percent from 5.73 percent; and the one-year ARM held steady at 5.29 percent. Nothaft cites a report from the U.S. Census Bureau that indicates a decline in the national homeownership rate to 67.8 percent in the 2008 first quarter from 69 percent in the 2006 third quarter.
Source: Northwest Indiana Times (05/09/08), Martin Crutsinger
For the availabilty of property in the Destin Florida Real Estate market please visit
www.RandBCoastalRealEstate.com
or
www.Destin-Florida-Condominiums.com
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