What’s New in South Florida and the Treasure Coast Markets
Luxury Homes and Lifestyles – June 2019
Stay up-to-date with this monthly post on general area news and website updates with links to relevant articles. I cover from Boca Raton to Port St Lucie and the Treasure Coast and this running blog post will be updated throughout the month with brief summaries, breaking news and links to new pages or articles.
Holidays in June
Junes holidays include Flag Day on Friday June 14th and Father’s Day on Sunday June 16th.
Mortgage rates continued to drop to 3.82% for 30 year fixed rate loans as of the June 6th weekly Freddie Mac PMMS Survey, mostly based on fears of trade tariffs with Mexico.
As of June 13th, rates were mostly unchanged from last week due to easing of trade tensions with Mexico which helped stabilize markets –
- 3.82% (with 0.6 point) for 30 – yr FRM
- 3.26% (with 0.5 point) for 15 yr FRM and
- 3.51 (with 0.4 point) for 5/1 ARM.
These historically low rates should provide continued opportunities for current homeowners to refinance their mortgages – which combined with new home buyer activity – will help sustain the momentum in the housing market in 2019.