Homes sales and prices still strong in South Florida - 2004-03-25
Low interest rates boosted South Florida home sale volume and prices in February, the Florida Association of Realtors revealed Thursday. The median price in Broward and Miami-Dade counties was nearly even.
The national average mortgage rate in late February, for example, was 5.58 percent for a 30-year loan and 4.89 percent for a 15-year loan. That compares to an average 5.79 percent for a 30-year and 5.14 percent for a 15-year in February 2003, according to Freddie Mac.
Read the full story at Miami Herald