Monthly Market Update - October 2018

Following September's trend, mortgage rates continued to increase in October, at one point reaching 4.9% for a conventional 30 year fixed mortgage, according to FreddieMac.com. (Though, remember, for most people rates are now in the 5% - 6% range due to a variety of factors including credit score, loan amount, and type of loan; talk to a mortgage lender for a better idea of what your rate would be). But while higher mortgage rates have led to a decline in home sales this year, that drop has been felt more in the expensive segments versus entry-level and first-time buyer markets, which remain firm. Despite rates going up, monthly mortgage payments still remain affordable and owning is typical

Philippa Main

813.501.5498

PM@YourMainAgent.com

Future Home Realty

13029 W. Linebaugh Ave #101 Tampa, FL 33626

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Both myself and my brokerage, Future Home Realty, are committed to providing a website that is accessible to the widest possible audience in accordance with ADA standards and guidelines. We are committed to accessibility and usability of our website to everyone. If you are using a screen reader or other auxiliary aid and are having problems using this website, please contact us at 813-501-5498 or pm@yourmainagent.com and we will be happy to assist you.