For three weeks running interest rates on 30 year mortages have increased to 5.03 percent.   Still historically low and incentive to consider if your shopping Venice Florida Real Estate.   Lenders have tightened their standards, so the best rates are available to borrowers with solid credit and a 20 percent down payment.  15 year mortgages are hovering around 4.46 percent.   Rates on five-year, adjustable-rate mortgages averaged 4.42 percent today.   Rates on one-year, adjustable-rate mortgages hover around 4.57 percent as of today.  There are a number of things to consider when shopping a mortage and specific questions to ask your loan officer.  I can help you with the process.   You can contact me anytime through my website www.veniceagent.com

Filed under: Venice Florida Real Estate