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freddie mac: 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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freddie mac: 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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freddie mac: 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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freddie mac: 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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freddie mac: 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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freddie mac: 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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freddie mac: 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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freddie mac: 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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freddie mac: 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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freddie mac: 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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freddie mac: 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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freddie mac: 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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freddie mac: 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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freddie mac: 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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freddie mac: 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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freddie mac: 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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freddie mac: Little Change in Average Mortgage Interest Rates This Week: Freddie Mac - 11/17/11 02:21 PM
Today, 11/17/2011, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.00%, up from 3.99% last week. The average interest rate for 15 year fixed-rate mortgages was 3.31%, up from last 3.30% week. A year ago the 30 year rate was 4.39%. The change was hardly worth mentioning, especially for loan with lives of 15 to 30 years.
Freddie Mac said: "Mortgage rates were little changed this week just as the economy is showing potential for further gains in the near term. Retail sales rose for the fifth straight month in October and beat the market consensus forecast. Meanwhile, … (0 comments)
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freddie mac: 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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freddie mac: 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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freddie mac: Freddie Mac: Average Mortgage Interest Rates Mostly Unchanged on Mixed Economic News - 10/20/11 08:04 PM
Today, 10/20/2011, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.11%, just slightly down from 4.12% last week. The average interest rate for 15 year fixed-rate mortgages was 3.38%, up slightly from 3.37% last week. A year ago the 30 year rate was 4.21%. So one went up and the other down, but just a tad. For all intents and purposes, unchanged this week and still very low.
Again we get hit with the dreaded "mixed economic signals" excuse. Consumer sentiments were lower, but retail sales went up. The economy continued to grow, but there were "weaker … (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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$129,900
4 br, 2½ ba, 2,280 sqft
Price has been reduced AGAIN on this wonderfully spacious 4 bedroom/2.5 bath ...
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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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