Wishing Everyone a Happy New Year! Everyone here at Paz Global would like to wish all our friends, customers and family a happy 2017.

The year ahead is looking promising for real estate in the South Florida area. If your looking to buy or sell in the upcoming year be sure to reach out to the best in the area with Paz Global Real Estate.

Freddie Mac reports the following national averages with mortgage rates for the week ending Dec. 29:

• 30-year fixed-rate mortgages: averaged 4.32 percent, with an average 0.5 point, up from last week’s 4.30 percent average. Last year at this time, 30-year rates averaged 4.01 percent.
• 15-year fixed-rate mortgages: averaged 3.55 percent, with an average 0.5 point, up from last week’s 3.52 percent average. A year ago, 15-year rates averaged 3.24 percent.
• 5-year hybrid adjustable-rate mortgages: averaged 3.30 percent, with an average 0.5 point, dropping from last week’s 3.32 percent average. A year ago, 5-year ARMs averaged 3.08 percent.