Looking for a fantastic mortgage rate for your Destin home or condo?
Sometimes good news can accompany bad news. That case is so right now. The average Destin mortgage rates just fell to 3.97% for a 30 year fixed today, October 17, 2014. This huge drop on interest rates brings us to the lowest and best rate that we have seen since way back in June of 2013. What caused this was the yield on the 10 year Treasury note. The 10 year Treasury note dropped down to 2.13% on Wednesday, compared to 2.34% the week previous. The weakening and dropping stock market which is a negative has lowered our mortgage rates resulting in a positive.
There are good ways to look at this. For those that need to buy a home or property in the Destin area they are going to be able to lock into a low interest rate on their mortgage. Also, for people who are investing in real estate you will be able to get a better return on investment. For primary residence you will either have a smaller mortgage payment or be able to buy a house that costs a little more than you thought you are able to afford. As for investors, when paying less interest your monthly out-of-pocket expenses will be smaller and you will see a larger gain on your money.
Team Margagliano works with many local lenders that will be glad to speak to any primary residents, real estate investors or folks that would like to refinance. All you have to do is give us a call and we can put you in touch with the right people. As always, our main goal is to be your real estate information resource. Do not be concerned about calling us for information or for help. It is not all about sales(although we like sales). It is about helping others and building relationships. You can call Team Margagliano on our direct hotline at 850-270-8860.
