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Real Estate Market Pulse
December 18, 2016
Area mortgage rates jumped substantially this week. Thirty-year fixed rate conforming mortgages rose to an average of 4.38% in Northeast Florida from 4.20% last week. APR’s on thirty-year fixed rate jumbo mortgages increased to 4.40% from 4.23% a week ago.
In the Ponte Vedra Beach market area 29 single-family homes went “Pending” (under contract without contingencies) in the past four weeks compared to 28 in the same period last year. The most recent five year average for this four week interval is 29 contracts.
In Southeast Jacksonville 26 homes went “Pending” during the past four weeks versus 44 a year ago in the same period. The most recent five year average for this four week interval is 40 contracts.
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