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Interest Rates Stay Low

By
Real Estate Agent with Elite Home Sales Team OC BRE# 02066030

Interest Rates Stay Low

Look at this weeks rates we see from the Freddie Mac's weekly survey rates are only one basis point higher.  The average 30 year mortgage fixed rate was 3.32 while the week prior it was 3.31.  It was similar with the 15 year mortgage fixed rate was 2.64 while the week prior was 2.63.

Some are reporting this as an increase.  Technically it is but not significant.  It is just the normal fluctuation of the market.  It is still a great time to sell a home.

Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

IMHO, The Polticians know that if rates go up the dollar will crash but sooner or later. If they headed up we may get a bump in sales as people will jump off the fence and buy, hopefully before jumping out of windows as the depression hits.

Dec 02, 2012 07:39 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

This week we do have great rates on the purchasing of the properties.

Dec 03, 2012 01:41 AM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

The politicians also know that if the dollar is deflated the debt is paid back by a worthless dollar.  In other words it benefits the government and hurts the people.

Dec 03, 2012 01:56 AM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Yes Tim the rates are really good still.

Dec 03, 2012 01:56 AM