Yes the Interest Rates Up For the Second Week

Rates are up for the second week.  Freddie Mac's weekly survey shows that average 30 year fixed rate morgtgage fixed rate rose for he second week in a row.  The new rate is 3.59 percent with .6 points. 

The 15 year fixed rate moved up also rising to 2.84 percent and .6 points. 

We do not see rates flying up quickly just creeping up slowing.  Now is still a good time to purchase a home.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

www.markandtim.com

949-874-2247

 
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12 Comments on Interest Rates Up For the Second Week

AUG
20
515,816 Points Outside Blog Called Shot Master

That is not good for the economy or the real estate market.
8:48am • #1
655,545 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

No having an increase in interest rates is a problem if they go up a lot.
9:25am • #2
AUG
21
1,441,187 Points 26 Featured Posts Outside Blog Called Shot Master

Home buyers need to move quickly to take advantage of the very low mortgage interest rates.  They will be going up.

Enjoy the days of summer and be sure to have your camera in hand to capture the special moments.
3:36pm • #3
655,545 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Yes waiting on the fence is not the way to go when interest rates climb.
6:16pm • #4
AUG
23
1,389,636 Points 27 Featured Posts Hit Router Called Shot Master

Every little rise in rates makes homes a little more expensive for those financing.  They are still really low, so those that are on a tight budget but want a home should consider making their move sooner than later.
4:41am • #5
465,341 Points 8 Featured Posts Outside Blog Called Shot Master

I hope they stay at this rate for a longer period of time since I really want more people to hop on board and get refinanced or buy newer homes. This is not too good for us.
5:57am • #6
655,545 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Yes Gabe every time the interest rates come up some people find they cannot purchase a home or the one they want.
8:07am • #7
655,545 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Sussie

We both need to have the interest stay low for some time to come.
8:07am • #8
354,316 Points 30 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Tim,

Rates are up; yet oh so low.

Thanks for the information.

Good selling to you my friend.

 
9:02am • #9
895,961 Points 34 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Rates are up a bit but still a great rate out there, Tim.
12:08pm • #10
AUG
24
655,545 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Thank you Patricia I am continuing the task of selling.
8:22am • #11
655,545 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Toni

Yes we are enjoying a good season.
8:22am • #12


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Tim Lorenz - 949 874-2247

Mission Viejo, CA

More about me…

TIM LORENZ of Keller Williams Realty

Address: 27101 Puerta Real, Suite 150, Mission Viejo, CA, 92691

Office Phone: (949) 282-2521

Cell Phone: (949) 874-2247

Email Me

A real estate professional and investor for over 43 yrs look at the market, the laws, the trends and the condition of the market. A runing commentary of one persons professional's opinion.


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