Mortgage rates have reached such an unprecedented low that it has rendered many online mortgage payment calculators useless.  After the federal reserve ceased it’s purchase of mortgage-backed securities, many analysts warned that lending rates would soar, but it just hasn’t worked out that way.

Interest rates have recently plummeted below 4 percent, now averaging between 3.125% and 3.75%, first time record lows.  The all time low rates mean great news for home buyers in the area, and with the recent report by Savills, naming the Sarasota area one of the best buys for resort or vacation property worldwide, we may be seeing an even larger onset of investment buyers flocking to the local area.