I was speaking with one of my local mortgage lending connections in Palm Beach County about the mortgage rates and found some valuable information that I thought I would pass along. 

According to Ira Goldberg of  First Trust Mortgage, "Mortgage Trends have remained very steady which has been interesting considering the volatile political climate. With the Fed keeping rates low, and the overall economy relatively stable, we have found that the 30 & 15 Yr. Fixed Rate mortgages have remained at virtually record low levels for the last several months. Even with some shifts both up and down in the Treasury Bills, the mortgage rates have been minimally impacted, and that has been great news for our market. We have seen a steady stream of buyers taking advantage of the low rates and payments, many finding it a great time to buy in light of continuing escalation in rental costs. There has also been a significant increase in refinance activity, as many clients are choosing to lower their rate, eliminate PMI due to improved equity, and/or taking cash out for home improvement or debt consolidation. General consensus has been that rates could start to increase after the election cycle, but it appears none of the major financial prognosticators are predicting any significant changes."

Palm Beach County median sales price increased again. The overall Real Estate Market continues to be solid with homes selling at a brisk pace. Homes priced under $350,000 remains strong, with multiple offers and bidding wars becoming the norm for attractive properties.

Unlike Dade County who has seen a market slow down in condo sales, Palm Beach County remain strong, mostly due to a lower inventory of available units.

If you are interested in working with an experienced Realtor in South Florida, contact me! I can help you find and/or sell your current home for top dollar. 

To look at active listings in a particular area in Palm Beach County, visit my site and set up a search. If you need customization, let me know! I have access to all active listings in South Florida (Palm Beach County, Broward and Dade County)