Mortgage Rates Are Still Low!
If you are in the market to buy a home or other real estate in Plainfield, Illinois, Naperville, Illinois, or the surrounding areas, call me or visit www.cherylbowers.com. It is still a great time to buy a house. Prices are still low and despite the April 30th expiration of the Federal Home Tax Credit, mortgage rates are still low!
For the third straight week, mortgage rates have remained nearly the same.
The benchmark 30-year fixed-rate mortgage inched down 1 basis point, or one-hundredth of one percentage point, this week, to 5.21%, according to the Bankrate.com's national survey of large lenders.
There was an average total of 0.45 discount and origination points in the mortgages included in this week's survey. For comparison, one year ago, the mortgage index was 5.2%; four weeks ago, it was 5.23%.
The benchmark 15-year fixed-rate mortgage slipped 1 basis point, to 4.54%. The benchmark 5/1 adjustable-rate mortgage fell 5 basis points, to 4.37%.
About the author:
Cheryl Bowers is a Chicagoland Area Residential Real Estate Expert, who can assist you with the purchase and/or sale of real estate in Plainfield, Naperville, Aurora Illinois or any place in the country. She, also, has experience with residential rentals. Cheryl has created a team of professionals throughout the Chicago suburbs to ensure that you enjoy a smooth transition to your new area. Please visit www.cherylbowers.com for your real estate needs. Please give me a call if you have questions about the Plainfield, Naperville, and Aurora real estate market.
P.S. If you are listing your home as a short sale in DuPage, Will, Kane, or Kendall Counties in Illinois make sure you hire an agent who knows how to do short sales and has the experience to get the job done. Call me at 630-712-1921 to find out more about Short Sales in the Chicagoland Area.
Cheryl Bowers, REALTOR® (630) 712-1921
(Copyright © 2010 By Cheryl Bowers, Realtor. All Rights Reserved.)
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