Tampa Home Values Increase? Tampa Mortgage Rates Climb

Hi friends,

I have to confess. It will most likely take quite sometime before Tampa home values begin to increase. The good news however is that Tampa home sales have remained steady as more 1st time home buyers take advantage of the $8,000 tax credit and low FHA mortgage rates. Until recently, Florida mortgage rates remained within the low five percentage range. Over the last few days however, interest rates have climbed closer to the six percent range. So I advise you to act quickly if you have been considering a home refinance or purchase.

Brandon home sales accounted for approximately 219 transactions in the month of April. That was ten percent higher than the previous month’s total of 198 transactions (Gtar.org, n.d.).

New Tampa and South Tampa areas accounted for 116 transactions in the month of April. Which decreased by a total of 30 units, from the month prior. Overall, home sales remained constant throughout Hillsborough county for the first quarter of 09′.

Do you know what your home is currently worth? Utilize our Zillow home valuation tool and obtain an approximate value for your home. Take it a step further and request a more accurate complimentary CMA designed for Tampa homeowners looking to sell their property within the next three months.

Looking to refinance your Tampa real estate property? Learn more about available Tampa mortgage programs by visiting Tampa Bay’s online real estate resource today.

Gtar.org, n.d. Retrieved May 20, 2009 from http://www.gtar.org