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average mortgage interest rates: Average Mortgage Interest Rates Reach New Historic Low Levels This Week! - 05/31/12 12:55 PM
Today, 5/31/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.75%, down from 3.78% last week. The average interest rate for 15 year fixed-rate mortgages was 2.97%, down from 3.04% last week. A year ago the 30 year rate was 4.60%. The market just keeps getting better and better for buyers. And for sellers too since lower rates mean more people qualify to buy their properties. Do keep in mind though, that recently we have seen the drop in home prices bottom out and they are starting to rise. Will this trend continue? Who knows. But we all … (0 comments)
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average mortgage interest rates: New Lows for Average Mortgage Interest Rates - Now Just 3.79% - 05/17/12 12:45 PM
Today, 5/17/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.79%, down from 3.83% last week. The average interest rate for 15 year fixed-rate mortgages was 3.04%, down from 3.05% from last week. A year ago the 30 year rate was 4.61%. One has to wonder just how low they can drop and, even more importantly, how many of you will be able to lock in these low rates and get that home you have been waiting for. Lower rates not only make it easier to buy a home, but also make it easier to sell one. I … (0 comments)
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average mortgage interest rates: New Record Lows for Average Mortgage Interest Rates says Freddie Mac - 05/10/12 06:58 PM
Yesterday, 5/10/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.83%, down from 3.84% last week. The average interest rate for 15 year fixed-rate mortgages was 3.05%, down from 3.07% from last week. A year ago the 30 year rate was 4.63%.
Not since 1951 have rates been this low! Since early December 2011 the average interest rate for 30 fixed-rate mortgages has been below 4% for all but 1 week.
The job report for April was weaker than expected. Then the economic news out of Europe was not very good since both Greece and France had … (0 comments)
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average mortgage interest rates: Average Mortgage Interest Rates Hit New Record Low Levels - Freddie Mac - 05/04/12 04:29 PM
Yesterday, 5/3/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.84%, down from 3.88% last week. The average interest rate for 15 year fixed-rate mortgages was 3.07%, down from 3.12% from last week. A year ago the 30 year rate was 4.71%. Not since 1951 have rates been this low! That was before I was born! Wow!
Rates on bonds and on mortgages remained low due to indications that economic growth had slowed a bit and inflation was nearly non-existent in most sectors. In the case of mortgage interest, record low levels were achieved. Can you imagine having … (0 comments)
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average mortgage interest rates: Freddie Mac: Average Mortgage Interest Rates Back Down to 3.88% This Week - 04/26/12 10:51 AM
Today, 4/26/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.88%, down from 3.90% last week. The average interest rate for 15 year fixed-rate mortgages was 3.12%, down from 3.13% from last week. A year ago the 30 year rate was 4.78%.
A Freddie Mac spokesperson said that the Federal Reserve announced that it expected economic growth to continue at a moderate rate and them pick up speed later on. The Fed also pointed out that the labor market had improved and that they felt that unemployment numbers would be dropping gradually.
In the housing market improvement was … (0 comments)
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average mortgage interest rates: Little Movement for Average Mortgage Interest Rates this Week! Still Very Low! - 04/19/12 04:18 PM
Today, 4/19/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.90%, up from 3.88% last week. The average interest rate for 15 year fixed-rate mortgages was 3.13%, up from 3.11% from last week. A year ago the 30 year rate was 4.80%. Not much of a change this week. Just a ripple in the pond. Rates are still ridiculously low!
A Freddie Mac spokesperson said that stability was the "name of the game" this week with little change in interest rates due to a lack of inflationary fears. Industrial production was pretty much flat as well. And the … (0 comments)
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average mortgage interest rates: Freddie Mac says Average Mortgage Interest Rates Take Steep Drop Again! - 04/12/12 09:11 AM
Today, 4/12/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.88%, down from 3.98% last week. The average interest rate for 15 year fixed-rate mortgages was 3.11%, down from 3.21% from last week. A year ago the 30 year rate was 4.91%. Big difference between this year and 2011. Also a big alteration from last week to this week! Changes like this can make a big difference in the total interest that you will pay over the life of a 30, or even a 15, year fixed-rate loan.
A Freddie Mac spokesperson said that since the yields on long-term Treasury bonds … (0 comments)
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average mortgage interest rates: Freddie Mac: Average Mortgage Interest Rates Stay Below 4% Again This Week - 04/05/12 10:21 AM
Today, 4/5/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.98%, down from 3.99% last week. The average interest rate for 15 year fixed-rate mortgages was 3.21%, down from 3.23% from last week. A year ago the 30 year rate was 4.87%. Not a big drop, but good to see that rates stayed below 4%. This can help entice buyers into making a decision about purchasing a home.
A Freddie Mac spokesperson said, "Average weekly mortgage rates were little changed this week amid mixed signals on the health of the economy. The final estimate of 2011 fourth quarter growth remained … (0 comments)
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average mortgage interest rates: After a Rise, Average Mortgage Interest Rates Settle Back Below 4% Again - 03/29/12 11:50 AM
Today, 3/29/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.99%, down from 4.08% last week. The average interest rate for 15 year fixed-rate mortgages was 3.23%, down from 3.30% from last week. A year ago the 30 year rate was 4.86%. Nice to see the rates go down rather than continue upward. Four percent sure sounds good to me and a lot of my buyers. Sellers like it too since it means more people can afford to purchase their homes!
Unfortunately, part of the small dip was due to weaker housing indicators for January. New home sales … (0 comments)
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average mortgage interest rates: For First Time Since October 2011 Average Mortgage Interest Rates Cross Above 4%! - 03/22/12 10:27 AM
Today, 3/22/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.08%, up from 3.92% last week. The average interest rate for 15 year fixed-rate mortgages was 3.30%, up from 3.16% from last week. A year ago the 30 year rate was 4.81%. Those are still low numbers to be sure, but are not nearly as nice as they were just a week ago. One has to wonder if this is just a temporary blip or if they will continue to inch upward?
Again, the yields on US Treasury Bonds went higher and the interest on mortgages followed suit. … (0 comments)
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average mortgage interest rates: Freddie Mac: Very Slight Increase this Week for Average Mortgage Interest Rates - 03/15/12 02:57 PM
Today, 3/15/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.92%, up from 3.88% last week. The average interest rate for 15 year fixed-rate mortgages was 3.16%, up from 3.13% from last week. A year ago the 30 year rate was 4.76%. Current rates still remain historically low and the Federal Reserve said this week that they have no intentions at this time of raising rates before 2014. Of course, things can change in the world, so the only sure thing is that for RIGHT NOW the rates are low. So get them while you can. The … (0 comments)
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average mortgage interest rates: Freddie Mac: Average Mortgage Interest Rates Slip Just a Little Bit Lower This Week - 03/08/12 06:31 PM
Today, 3/8/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.88%, down from 3.90% last week. The average interest rate for 15 year fixed-rate mortgages was 3.13%, down from 3.17% from last week. A year ago the 30 year rate was 4.88%. Take advantage of these rates if you can! Nothing lasts forever, even though it may seem like they will.
A Freddie Mac spokesperson said, "With these historically low rates and declining house prices, the typical family had more than double the income needed to purchase a median-priced home in January, according to the National Association of … (0 comments)
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average mortgage interest rates: After a One Week Rise, Mortgage Interest Rates Settle Lower Once Again - 03/02/12 11:05 AM
Yesterday, 3/1/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.90%, down from 3.95% last week. The average interest rate for 15 year fixed-rate mortgages was 3.17%, down from 3.19% from last week. A year ago the 30 year rate was 4.87%! Take advantage of these rates if you can! Nothing lasts forever, even though it may seem like they will.
A Freddie Mac spokesperson said, "Fixed mortgage rates bottomed out in January and February of this year which is helping spur the housing market. For instance, pending existing home sales rose in January to its strongest pace … (0 comments)
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average mortgage interest rates: From Historic Lows, Interest Rates Move Up Slightly This Week: Freddie Mac - 02/23/12 02:08 PM
Today, 2/23/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.95%, up from 3.87% last week. The average interest rate for 15 year fixed-rate mortgages was 3.19%, up from 3.16% from last week. A year ago the 30 year rate was 4.95%! At some point interest rates had to start rising again, and this week they did! Not significantly, but buyers should take note and watch further movements VERY carefully. You do not want to get stuck with high interest rates when still historically low rates are still available. A word to the wise is sufficient! Or … (0 comments)
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average mortgage interest rates: Average Mortgage Interest Rates Stay at Record Low Levels - Unchanged from Last Week! - 02/16/12 06:59 PM
Today, 2/16/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.87%, unchanged from last week. The average interest rate for 15 year fixed-rate mortgages was 3.16%,unchanged from last week. A year ago the 30 year rate was 5.00%! This is the third week in a row that rates have been this stable!
A Freddie Mac spokesperson said, "Fixed mortgage rates were unchanged this week amid mixed confidence measures. Small business confidence ticked up slightly in January, representing a fourth consecutive month gain, according to the National Federation of Independent Business index. However, the Reuters/University of … (0 comments)
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average mortgage interest rates: Average Mortgage Interest Rates Mostly Unchanged - Still at Historically Low Levels - 02/09/12 07:39 PM
Today, 2/9/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.87%, unchanged from last week. The average interest rate for 15 year fixed-rate mortgages was 3.16%, up slightly from 3.14% last week. A year ago the 30 year rate was 5.05%!
Strong employment figures in January 2012 tended to push up many mortgage interest rates, However, the 30 year fixed-rate average interest was unchanged from last week and remains at historically low levels for a second week.
According to reports, our economy gained 243,000 jobs last month (January 2012). That was certainly good news since unemployment has been like … (0 comments)
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average mortgage interest rates: Freddie Mac: Average Mortgage Interest Rates Return to Record Low Levels! - 02/02/12 01:37 PM
Today, 2/2/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.87%, down sharply from 3.98% last week. The average interest rate for 15 year fixed-rate mortgages was 3.14%, down from 3.24% last week. A year ago the 30 year rate was 4.81%!
After taking a big jump last week, interest rates settled down to about the same levels they were at two weeks ago. Record lows. Lower than expected growth in the economy for the 4th quarter of 2011 was the cause of the drop. Consumer spending in December was also "flat".
Freddie Mac did report one … (0 comments)
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average mortgage interest rates: Interest Rates on Mortgages Increase Based on Positive Housing Market Data from 2011 - 01/26/12 01:54 PM
Today, 1/26/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.98%, up sharply from 3.88% last week. The average interest rate for 15 year fixed-rate mortgages was 3.24%, up from 3.17% last week. A year ago the 30 year rate was 4.80%!
Even though rates did go up for both 30 year and 15 year fixed-rate mortgages, the fact is that the rates have stayed below 4% for quite a while. That is good for buyers who want to keep short-term and long-term costs down, and also for sellers who want motivated buyers.
A Freddie Mac spokesperson said that the rates went … (0 comments)
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average mortgage interest rates: Interest Rates for 30 Year Fixed-Rate Mortgages Reach New Record Lows - 01/19/12 04:59 PM
Today, 1/19/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.88%, down from 3.89% last week. The average interest rate for 15 year fixed-rate mortgages was 3.17%, up from 3.16% last week. A year ago the 30 year rate was 4.74%!
Even though the drop was minimal and the average rate for 15 year fixed-rate mortgages inched upward, the fact that the rates have stayed below 4% for so long is good for buyers who want to keep short-term and long-term costs down, and also for sellers who want motivated buyers.
A Freddie Mac spokesperson said, … (0 comments)
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average mortgage interest rates: Mortgage Interest Rates Hit New Record Lows - reports Freddie Mac - 01/12/12 02:08 PM
Today, 1/12/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.89%, down from 3.91% last week. The average interest rate for 15 year fixed-rate mortgages was 3.16%, down from 3.23% last week. A year ago the 30 year rate was 4.71%!
Mixed signs were coming from labor market statistics. Apparently the unemployment rate went down, but still remains historically high. A worry to many. And some experts say that the increase in jobs was partly due to added employees needed during the holiday season, and that these jobs could disappear in weeks to come. The US Federal Reserve reported … (0 comments)
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John Elwell
Zephyrhills,
FL
More about me…
CENTURY 21 Bill Nye Realty, Inc.
Address: 34619 State Road 54, Zephyrhills, FL, 33541
Office Phone: (813) 715-6810
Cell Phone: (813) 783-4444
Email Me
Real estate news, opinions, and listings from Zephyrhills, Pasco County, Florida and the west central region of Florida in general. Licensed in Florida.
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$64,900
2 br, 2 ba, 1,144 sqft
You will love this wonderful 2 bedroom/2 bath home located in Colony Hills, o...
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2 br, 2 ba, 864 sqft
PRICE REDUCED AGAIN!! This 2 bedroom/2 bath furnished mobile home is located ...
$49,900
2 br, 2 ba, 960 sqft
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$129,900
4 br, 2½ ba, 2,280 sqft
Price has been reduced AGAIN on this wonderfully spacious 4 bedroom/2.5 bath ...
$35,000
2 br, 1 ba, 880 sqft
Don't want to spend a fortune to get your piece of the Sunshine State? Then c...
$65,000
2 br, 2 ba, 1,064 sqft
PRICE REDUCED! This beautiful and furnished double-wide mobile home is locate...
$69,900
3 br, 2 ba, 1,188 sqft
This great furnished 3 bedroom/2 bath double-wide mobile home is located in t...
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2 br, 1 ba, 648 sqft
This very nice 2 bedroom mobile home is located in popular Oaks Royal I &...
$54,000
2 br, 2 ba, 768 sqft
Looking for a winter retreat or a permanent home? Then take a serious look at...
$55,000
2 br, 2 ba, 840 sqft
This home is in a popular subdivision known as Spanish Trails Village in Zeph...
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