Real Estate Update

Although the rate on this month’s Pulse shows an average of 6.31% for June, it does not reflect the new rates that we will see in the coming months due to the Feds raising the federal-funds rate by a quarter of a point yesterday. Mortgage interest rates should continue to rise throughout 2004, but only at a modest pace. The feds had not tinkered with the rates in almost four years.
From The Orlando Regional Realtor® Association

For more information on homes for sale in the Central Florida area.

To view graphs for inventory, new listings, ave. mortgage rates and sales pending.