century 21: Average Mortgage Interest Rates Up Slightlly Again this Week!
- 02/27/14 06:14 AM
Today, 2/27/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.37 up from 4.33% last week. The average interest rate for 15 year fixed-rate mortgages was 3.39%, up from 3.35% last week. A year ago the 30 year rate was 3.56%.
THIS WEEK THERE WERE NO COMMENTS POSTED ON THE FREDDIE MAC SITE AT THE TIME I WROTE THIS BLOG POST. NOT SURE IF ANY WILL APPEAR LATER OR NOT. BUT THE ABOVE FIGURES ARE ACCURATE ACCORDING TO THE MAIN PAGE FOR FREDDIE MAC.
Do keep in mind that we are a very large … (0 comments)
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century 21: Mortgage Interest Rates Rise Again this Week says Freddie Mac
- 02/20/14 09:31 AM
Today, 2/20/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.33% up from 4.28% last week. The average interest rate for 15 year fixed-rate mortgages was 3.35%, up from 3.33% last week. A year ago the 30 year rate was 3.56%.
Freddie Mac's Vice President said, "Mortgage rates crept up further following the uptick in the 10-year Treasury yield as minutes of the Federal Reserve's last meeting indicated little possibility of a pause in the central bank's reduction of bond purchases. Housing starts in January fell 16 percent to a seasonally adjusted annual rate … (0 comments)
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century 21: Miniscule Change in Home Mortgage Interest Rates this Week
- 02/13/14 09:51 AM
Today, 2/13/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.28% up from 4.23% last week. The average interest rate for 15 year fixed-rate mortgages was 3.33%, unchanged rom last week. A year ago the 30 year rate was 3.53%.
Freddie Mac's Vice President said, "Mortgage rates were little changed amid a week of light economic reports. Of the few releases, the economy added 113,000 jobs in January, which was below the market consensus forecast and followed a slight upward revision of 1,000 jobs in December. Meanwhile, the unemployment rate fell to 6.6 percent, … (0 comments)
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century 21: Weaker Housing Reports Cause Further Decline of Mortgage Interest
- 02/06/14 08:03 AM
Today, 2/6/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.23% down from 4.32% last week. The average interest rate for 15 year fixed-rate mortgages was 3.33%, down from 3.40% last week. A year ago the 30 year rate was 3.53%.
Freddie Mac's Vice President said, "Mortgage rates fell further this week following the release of weaker housing data. The pending home sales index fell 8.7 percent in December to its lowest level since October 2011. Fixed residential investment negatively contributed to GDP in the fourth quarter for the first time since the third … (0 comments)
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century 21: February 2014 Real Estate Newsletter from John Elwell in Zephyrhills
- 02/02/14 05:54 AM
My February 2014 Real Estate Newsletter is now available for download as a PDF (Adobe Acrobat) file that all computers should be able to open.
Just click on the following link to download this month's newsletter: Download February 2014 Newsletter
I hope that you will find this month's articles interesting and helpful.
If you would like to receive these newsletters automatically each month in the future, just send me an e-mail and let me know. I would be glad to add you to my e-mailing list. You can e-mail me at: jelwell1@tampabay.rr.com or call me at: 813-783-4444
I also invite you … (0 comments)
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century 21: Tiny Drop in Mortgage Interest due to Less New Home Sales in Dec. 2014
- 01/30/14 09:00 AM
Today, 1/30/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.32% down from 4.39% last week. The average interest rate for 15 year fixed-rate mortgages was 3.40%, down from 3.44% last week. A year ago the 30 year rate was 3.53%.
Freddie Mac's Vice President said, "Mortgage rates eased somewhat as new home sales fell 7 percent in December to a seasonally adjusted pace of 414,000 units, below the consensus. The S&P/Case-Shiller® 20-city composite house price index declined 0.1 percent for the month of November, the first decrease since November 2012."
Do keep in … (0 comments)
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century 21: Average Mortgage Interest Rates Drop only Slightly This Week
- 01/23/14 08:31 AM
Today, 1/23/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.39% down from 4.41% last week. The average interest rate for 15 year fixed-rate mortgages was 3.44%, down from 3.45% last week. A year ago the 30 year rate was 3.42%.
Freddie Mac's Vice President said, "Mortgage rates were flat to down a little this week amid reports that inflation remains subdued. The Consumer Price Index was up to 0.3 percent in December after being unchanged in November. For the year as a whole, consumer prices rose just 1.5 percent in 2013."
Do keep … (0 comments)
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century 21: Mortgage Interest Rates Slide a Bit Lower this Week
- 01/16/14 10:05 AM
Today, 1/16/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.41% down from 4.51% last week. The average interest rate for 15 year fixed-rate mortgages was 3.45%,down from 3.56% last week. A year ago the 30 year rate was 3.38%.
Freddie Mac's Vice President said, "Mortgage rates drifted downward this week amid signs of a weakening economic recovery. The economy added 74,000 jobs in December, less than the market consensus forecast. Retail sales rose 0.2 percent in December, which was nearly half of November's 0.4 percent increase. Meanwhile, the unemployment rate fell to 6.7 … (0 comments)
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century 21: Some Mortgage Rates Up and Others Down This Week
- 01/09/14 09:50 AM
Today, 1/9/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.51% down from 4.53% last week. The average interest rate for 15 year fixed-rate mortgages was 3.56%, up from 3.55% last week. A year ago the 30 year rate was 3.40%.
Freddie Mac's Vice President said, "Mortgage rates were little changed amid a week of light economic reports. Of the few releases, the private sector added an estimated 238,000 jobs in December, which exceeded the market consensus and followed an upward revision of 14,000 jobs in November, according to the ADP Research Institute. Also, the … (0 comments)
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century 21: The Snowbirds Arrive in Zephyrhills, FL for the 2014 Winter Season!
- 01/05/14 08:53 AM
My My cousin's wife sent me a picture of the thermometer on their porch and it read ZERO degrees yesterday. While here in Zephyrhills, I was out hanging up my laundry in shorts and a T-shirt. Not too shabby.
Since Christmas and New Years, there has been a great increase in traffic, more out-of-state license plates, and a even a longer wait at the Golden Corral, ha ha!
People like to winter in Zephyrhills because in our town it is not like going to an impersonal resort with a lot of strangers, but it is more like "coming home again" to see friends and neighbors after a summer's … (1 comments)
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century 21: 1st Zephyrhills Community Rummage Sale of 2014 on January 11th
- 01/04/14 05:41 AM
From what I see in the papers and as I drive along our streets each weekend, there are more and more yard sales going on every Saturday. Not only sales in residents' front yards, but also larger community ones in our subdivisions. Guess the return of our snowbirds and the cooler temperatures are a couple of the reasons.
Now the City of Zephyrhills, Florida is having its Community Rummage Sale in our downtown area on January 11, 2013 from 8:00 AM to 1:00 PM. It is still not too late to get a booth if you want to sell items during the … (0 comments)
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century 21: Another Small Increase in Mortgage Interest Rates to Start off 2014!
- 01/02/14 03:20 AM
Today, 1/2/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.53% up from 4.48% last week. The average interest rate for 15 year fixed-rate mortgages was 3.55%, up from 3.52% last week. A year ago the 30 year rate was 3.34%.
Freddie Mac's Vice President said, "Mortgage rates edged up to begin the year on signs of a stronger economic recovery. The pending home sales index inched up 0.2 percent in November, after five consecutive months of decline. The Conference Board reported that confidence among consumers rose in December and the S&P/Case-Shiller® 20-city composite house … (0 comments)
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century 21: John Elwell's First Florida Real Estate Newsletter of 2014 Now Here!
- 01/01/14 06:28 AM
My January 2014 Real Estate Newsletter is now available for download as a PDF (Adobe Acrobat) file that all computers should be able to open.
Just click on the following link to download this month's newsletter: Download January 2014 Newsletter
I hope that you will find this month's articles interesting and helpful.
If you would like to receive these newsletters automatically each month in the future, just send me an e-mail and let me know. I would be glad to add you to my e-mailing list. You can e-mail me at: jelwell1@tampabay.rr.com or call me at: 813-783-4444
I also invite you to … (0 comments)
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century 21: Last Freddie Mac Survey of 2013 Shows only Tiny Rise in Mortgage Rates
- 12/26/13 07:16 AM
Today, 12/26/2013, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.48% up from 4.47% last week. The average interest rate for 15 year fixed-rate mortgages was 3.52%, up from 3.51% last week. A year ago the 30 year rate was 3.35%.
Freddie Mac's Vice President said, "Mortgage rates were little changed this week following mixed economic reports. Real GDP was revised upwards to 4.1 percent growth in the third quarter of this year. However, existing-home sales dropped 4.3 percent to a seasonally adjusted annual rate of 4,900,000 in November. Also, new home sales fell 2.1 percent … (0 comments)
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century 21: After a Few Weeks of Increases, Mortgage Interest Drops a Little
- 12/12/13 06:32 AM
Today, 12/12/2013, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.42% up from 4.46% last week. The average interest rate for 15 year fixed-rate mortgages was 3.43%, up from 3.37% last week. A year ago the 30 year rate was 3.32%.
Freddie Mac's Vice President said, "Mortgage rates were little changed amid a light week of economic data releases. Of the few releases, total nonfarm payroll employment rose by 203,000 in November and the unemployment rate declined to 7.0 percent. Also, single family mortgage debt outstanding increased for the first time since 2008. This is a … (0 comments)
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century 21: Mortgage Interest Rates Take a Larger Jump this Week!
- 12/05/13 08:34 AM
Today, 12/5/2013, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.46% up from 4.29% last week. The average interest rate for 15 year fixed-rate mortgages was 3.47%, up from 3.30% last week. A year ago the 30 year rate was 3.34%. What a difference a year makes!
This week's hike in rates was not as tiny as some past ones have been. Good economic news on many fronts was the reason, said Freddie Mac. Even though rates went up making loans more expensive, at least it was positive economic news that caused the rise in rates this week. So … (0 comments)
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century 21: John Elwell's December 2013 CENTURY 21 Florida Newsletter Now Ready
- 12/03/13 06:46 AM
My December 2013 Real Estate Newsletter is now available for download as a PDF (Adobe Acrobat) file that all computers should be able to open.
Just click on the following link to download this month's newsletter: Download December 2013 Newsletter I hope that you will find this month's articles interesting and helpful.
If you would like to receive these newsletters automatically each month in the future, just send me an e-mail and let me know. I would be glad to add you to my e-mailing list. You can e-mail me at: jelwell1@tampabay.rr.com or call me at: 813-783-4444
I also invite you to visit … (0 comments)
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century 21: Florida's 2013 Hurricane Season Ends with No Major or Minor Storms!
- 12/01/13 03:48 AM
Yesterday, November 30th, was the official "last day" of the 2013 Hurricane Season here in Florida. Though possible, it is very unlikely that a storm will form now. The waters of the Atlantic Ocean usually are just too cold now. And warm water is what generates these massive storms.
This summer we had many rainy afternoons which were welcome since they help to replenish our underground acquifers. And that is where most of our water here comes from.
But there were no storms of any consequence that hit our shores. I don't think that there were even any tropical storms around us … (0 comments)
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century 21: Slightly Higher Mortgage Interest Rates for Thanksgiving 2013
- 11/27/13 07:21 AM
Today, 11/27/2013, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.29% up from 4.22% last week. The average interest rate for 15 year fixed-rate mortgages was 3.30%, up from 3.27% last week. A year ago the 30 year rate was 3.32%. This week's report came out one day early due to the Thanksgiving Holiday.
Mortgage interest rates have been hovering around the same spot for several weeks now. Though they are not as great as they were when they were below 4%, they still are historically very low. Many of us remember when we had 16% rates … (0 comments)
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century 21: Negative Economic Data Causes Mortgage Interest Rates to Move "South"
- 11/21/13 10:14 AM
Today, 11/21/2013, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.22% down from 4.35% last week. The average interest rate for 15 year fixed-rate mortgages was 3.27%, down from 3.35% last week. A year ago the 30 year rate was 3.31%.
Freddie Mac's Vice President said, "Fixed mortgage rates fell this week on reports of weaker manufacturing growth and declines in overall inflation rates. Industrial production slipped by 0.1 percent in October, below the market consensus forecast of a 0.2 percent gain. The consumer price index also unexpectedly fellduring the month. On an annual basis, consumer prices … (0 comments)
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Today, 2/27/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.37 up from 4.33% last week. The average interest rate for 15 year fixed-rate mortgages was 3.39%, up from 3.35% last week. A year ago the 30 year rate was 3.56%. 
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