Interest rates and property prices are at Record Lows If you are thinking about buying a home or condo in the Lakewood Ranch, Bradenton or Sarasota area now is the time. Interest rates are the lowest they have been in the last 25-years; this week's benchmark 30-year rate of 4.74 percent ties the record low, set the week of July 7, 2010. The 15-year fixed also tied a July 7, 2010 record low, while the 5/1 ARM and the 30-year jumbo hit new lows. Here are some quick rates: 30 Year Fixed 4.375% with 0 points for a purchase and a 45 day lock 15 Year Fixed 3.875% with 0 points (Your exact rate can be slightly higher due to rate lock times). Either way, WOW has anyone ever remembered rates this low? With interest rates plummeted and prices down this is the time to buy. Please call a member of the Jim Soda Group and we can assist you with finding a property and helping you select a lender.