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Lowest Mortgage Rates in 60 Years Intended to Increase Numbers Buying a Home in West Palm Beach

Investors are taking advantage of the record low mortgage rates to snag beautiful homes in south Florida and luxury condos in downtown West Palm Beach.

Freddie Mac has reported that the average rate on the 30-year fixed mortgage has plummeted to 3.89 percent. This is the lowest rate since records began being collected in the 1950s.

Additionally, the average rate on the 15-year fixed mortgage dropped to its own record low of 3.16 percent.

Savvy investors are capitalizing on the situation by buying condos in downtown West Palm Beach such as the ultra luxurious Two City Plaza and Esplanade Grande condominium building.

If you are in a position to make a purchase, you may want to explore current prices at the premier West Palm Beach condos in the best locations near CityPlace such as South Tower and City Palms.

Prices for units in these downtown buildings have come down and many investors see an opportunity to buy low and either live in a beautiful unit or rent to tenants in this favorable market for landlords.

Condos in the Montecito are currently value-priced starting in the $60,000s. The Mediterranean styled Flagler Pointe condo has well-appointed units beginning at $80,000. The prestigious Two City Plaza condominium building located within 5 minutes walking distance from CityPlace has units starting in the $200,000s.

If you are a real estate investor, would like to become a new landlord, or you're interesting in snagging a deal for yourself, consider taking advantage of the confluence of value pricing, incredibly low mortgage rates, and the stability that comes with buying in one of the most beautiful and exciting areas of south Florida.

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Lowest Mortgage Rates in 60 Years Intended to Increase Numbers Buying a Home in West Palm Beach

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