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decrease: 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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decrease: 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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decrease: 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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decrease: 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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decrease: 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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decrease: 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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decrease: 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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decrease: Freddie Mac's First Mortgage Rate Survey for 2012 Shows Interest Rates at Record Lows - 01/05/12 05:21 PM
Today, 1/5/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.91%, down from 3.95% last week. The average interest rate for 15 year fixed-rate mortgages was 3.23%, down from 3.24% last week. A year ago the 30 year rate was 4.77%!
At the start of the new year, reports are indicating some improvement in the housing markets and the manufacturing sectors of the USA. In November of last year pending home sales were nearly 5 times greater than had been predicted. This was the strongest report since April in 2010. Spending on "residential construction" was also up in … (0 comments)
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decrease: Freddie Mac Survey says Average Mortgage Interest Rate is Back Below 4%! - 12/08/11 02:48 PM
Today, 12/08/2011, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.99%, down from 4.00% last week. The average interest rate for 15 year fixed-rate mortgages was 3.27%, down from 3.30% last week. A year ago the 30 year rate was 4.61%.
Freddie Mac reported that the median sales price of homes had declined 4.7% since October 2010 and that the average mortgage interest rates had also declined, by about 0.62%. Many buyers are taking advantage of these circumstances to snap up bargains as "housing affordability" indicators rise to record levels in 2011. However, in our local market … (0 comments)
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decrease: Back Mortgage Interest Rates Go, Again Below 4% - Historic Low! - 11/23/11 02:30 PM
Freddie Mac released their weekly report a day early this week due to the Thanksgiving Day holiday. So, today, 11/23/2011, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.98%, down from 4.00% last week. The average interest rate for 15 year fixed-rate mortgages was 3.30%, down from 3.31% last week. A year ago the 30 year rate was 4.40%.
Interest rates are at all-time lows. Adjustable rate mortgage rates are also at historically low levels. Due to the affordability of homes being within the reach of so many buyers, this resulted in a 1.4% increase in … (0 comments)
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decrease: Average Mortgage Interest Rates are Again Below 4%! - 11/10/11 03:39 PM
Today, 11/10/2011, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.99%, down from 4.00% last week. The average interest rate for 15 year fixed-rate mortgages was 3.30%, down from last 3.31% week. A year ago the 30 year rate was 4.17%. Nice to be below the 4% point once again. Hope some of you can take advantage of the low rates we have this week.
Again, the dreaded "mixed market reports" caused the interest rates to move only slightly. Wish we could ban the word MIXED from the English language. I get tired of … (0 comments)
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decrease: Average Mortgage Interest Rates on 30 Year Loans Drop Back to 4% This Week! - 11/03/11 01:10 PM
Today, 11/3/2011, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.10%, down from 4.10% last week. The average interest rate for 15 year fixed-rate mortgages was 3.31%, down from last 3.38% week. A year ago the 30 year rate was 4.24%. Nice drop this week. Wonder if they rate will again go below the 4% mark this year. We will have to wait and see.
Worries of economic issues in Europe brought treasury bond rates down and thus the mortgage interest rates went along for the slide downward. I kind of suspected this would happen when … (0 comments)
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decrease: Average Mortgage Interest Rates Hit New Record-Breaking Low Levels! - 09/08/11 04:00 PM
Today, 9/8/2011, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.12%, down from 4.22% last week. The average interest rate for 15 year fixed-rate mortgages was 3.33%, down from 3.39% last week. A year ago the 30 year rate was 4.35%.
Freddie Mac reported that worries about poor employment figures for August 2011 worked to force interest rates downward. According to news reports, NO JOBS were created last month. Not good news by anyone's standard. Unemployment still sits at 9.1% and has been above 8% for 31 months. Of course, a lot of other countries have higher … (0 comments)
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decrease: Freddie Mac Survey Says Average Fixed Rate Mortgage Interest at Lowest Point So Far for 2011 - 05/19/11 01:16 PM
Today, 5/19/2011, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.61%, down from 4.63% a week ago. The average interest rate for 15 year fixed-rate mortgages was 3.80%, down from 3.82% last week. A year ago the 30 year rate was 4.84%.
US financial markets are still trying to figure out where our economy is going. There are many mixed signals from different sources. Industrial production did not increase, partly due to the earthquake and tsunami in Japan. Auto and gasoline sales only increased a bit compared to March. I am not surprised, with the price of gas sitting … (0 comments)
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decrease: Down Go Average Mortgage Interest Rates This Week says Freddie Mac - 03/17/11 09:12 PM
Today, 3/17/2011, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.76% (4.74% in the southeast), down from 4.88% a week ago. The average interest rate for 15 year fixed-rate mortgages was 3.97%, down from 4.15% last week. A year ago the 30 year rate was 4.96%. The 15 year fixed-rate interest is the lowest since December 2010.
Hard to believe it, but because of the terrible disaster in Japan, people here rushed to buy US Treasury Bonds. This caused their yields to drop, which made loan interest rates fall, and of course, mortgage rates played "follow-the-leader". In our … (0 comments)
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decrease: Back Below 5% - Average Mortgage Interest Rates Drop Yet a Little More! - 02/24/11 01:53 PM
Today, 2/24/11, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.95% (4.92% in the southeast), down from 5.00% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.22%, down from 4.27% last week. A year ago the 30 year rate was 5.05%. Nice to see them below the 5% mark once again. How long they will stay there is anyone's guess.
There was mixed data concerning inflation and Freddie Mac said that was a cause of the slightly lower interest rates this week. Even though house prices fell 4.1% in the 4th quarter of 2010 … (0 comments)
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decrease: Unreal! Freddie Mac Reports That for Sixth Week Average Interest Rates Drop! - 07/29/10 08:15 PM
Today, 7/29/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.54% (4.60% in the southeast), down from 4.56% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.00%, down from 4.03% last week. A year ago the 30 year rate was 5.25%. Again, these are record lows for the Freddie Mac survey that we may not see again for a very long time! Hard to believe they have dropped to this level.
Frank Nothaft, vice president and chief economist for Freddie Mac said, "For the sixth week in a row, interest rates on fixed-rate mortgages … (0 comments)
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decrease: After a One Week's Rise, Average Mortgage Interest Rates Drop to Record Lows - 06/24/10 06:42 PM
Today, 6/24/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.69% (4.70% in the southeast), down from 4.75% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.13%, down from 4.20% last week. A year ago the 30 year rate was 5.52%. Lower interest rates continue to make homes more affordable, along with the very reasonable home prices in may parts of the country. We are still in a buyers market.
Almost all types of mortgage loans hit record lows this week. Freddie Mac started tracking rates way back in 1971. We now have some of the … (0 comments)
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decrease: Average Mortgage Interest Rates Take a Nice Drop This Week - 05/06/10 02:11 PM
Today, 5/6/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.00% (4.97% in the southeast), down from 5.06% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.36%, down from 4.39% last week. A year ago the 30 year rate was 4.84%.
Yields on notes and bonds issued by the US Treasury went south this week, and the rates on mortgages followed them down the hill. This is the lowest that rates have been in 6 weeks. A lot of experts had said rates would continue to climb, so it is nice to see that … (0 comments)
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decrease: For 2 Weeks Straight, Average Mortgage Interest Rates Have Fallen Closer to 5% Mark - 01/14/10 04:34 PM
Today, 1/14/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.06% (5.00% in the southeast), down from 5.09% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.45%, down from 4.50% last week. A year ago the 30 year rate was 4.96%.
Since interest rates on fixed-rate loans are still historically low, many people are taking the opportunity to refinance their homes and lower their payments. Over the past 3 months or so, over 75% of the applications for new loans were for refinancing purposes. So at least someone is making use … (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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You will love this wonderful 2 bedroom/2 bath home located in Colony Hills, o...
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4 br, 2½ ba, 2,280 sqft
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2 br, 1 ba, 880 sqft
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2 br, 2 ba, 1,064 sqft
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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 &...
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2 br, 2 ba, 768 sqft
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2 br, 2 ba, 840 sqft
This home is in a popular subdivision known as Spanish Trails Village in Zeph...
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