As the year quickly reaches its end, the long terms rates for mortgages in the United States continue their upward climb following the results of the presidential election. The average rate on a 30-year fixed rate loan increased to 4.03 percent, the highest percentage since July of last year and up from 3.94 percent during the previous week. The rate on 15-year home loans inched up to 3.25 percent, up from 3.14 percent last week and the highest since January.

The rise in interest rates is another reason to consider working with a reputable private hard money lending company like M&M Private Lending Group, LLC where rates remain competitively flexible.

Call 305-363-7169 or 954-445-4434 to speak with a lending representative about our Florida private loans or visit our website at https://mmprivatelending.com to fill out an application form.