Palm Beach Mortgage Rates Hit Another Record Low

Palm Beach, Florida - Palm Beach Mortgage average interest on a 30-year fixed mortgage dipped to a new record low of 4.57 percent this week. That Mortgage rate is down from 4.58 percent a week ago, according to Freddie Mac, which began tracking rates in 1971.

Even with this news from Palm Beach Mortgage, the low rates may not provide much of a boost for the housing market. The problem appears to be that many people do not qualify for new mortgages or have already obtained loans at low rates this year.

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