The weekly average rate borrowers were quoted for 30-year fixed mortgages as per a prominent Miami real estate website increased four points to 4.69% in Florida from the week ended December 13 from from 4.65% in the week ended December 6.
According to the Miami real estate web site that compiles the data each week using thousands of Florida mortgage rates for conforming loans quoted by mortgage lenders to borrowers who have submitted loan requests, that was slightly less than the five-point increase to 4.72% from 4.67% during the same period nationwide.
Florida is one of the top 20 states with the highest quote volume that the Miami real estate website obtains information on.
The amount of mortgage requests fell Nationside 14% last week from the week before. 46% of last week’s requests were for refinance loans, 53% were for purchase loans and 2% were for home equity loans.
Contributed by MLR Realty
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