By Rei Mesa
(Berkshire Hathaway HomeServices Florida Realty)
The downward shift on China’s Shanghai Composite Index as the new year began has shifted the immediate outlook for fixed mortgage rate on 30 year loans.Freddie Mac reported that the 30 year fixed rate mortgages have dropped from the last week in December, which averaged 4.01 percent to 3.97 percent. This is a dip of 4 basis points.Home buyers interested in securing a fixed rate mortgage on Coral Springs homes for sale or other real estate markets across Florida or the country for that matter, may want to move quickly because there is no surety on how long these rates will last. Learn more.