The average for 30 year fixed rate loans dropped remained at 2.87% which is still near the 2.81% which was the lowest in the 50 years that these records have been tracked. See here for Phoenix Metro Arizona Home Loans.
Freddie Mac Weekly Mortgage rate survey for weeke of 9-2-21
The Freddie Mac Survey 9-2-21 reported, "Economic growth and the acceleration in inflation have moderated in the last month, giving the markets comfort and leading to a stabilization … (0 comments)
record low mortgage rates: Mortage Rates Drop...The American Dream Awaits
- 07/22/21 09:24 PM
The American Dream is still in sight, with Freddie Mac National Mortgage Survey showing loan rates dipping again this week as reported on July 22, 2021. Mortgage Rates Trend DownJuly 22, 2021Concerns about the Delta variant, and the overall trajectory of the pandemic, are undoubtedly affecting economic growth. While the economy continues to mend, Treasury yields have decreased, and mortgage rates have followed suit. Unfortunately, many homebuyers are unable to take advantage of low rates due to low inventory and high prices. Current Mortgage Rates Data Since 1971 xls Primary Mortgage Market Survey® U.S. weekly averages as of 07/22/2021 30-Yr FRM 2.78% 0.10 1-Wk 0.23 … (4 comments)
The average on April 8, 2021 for 30 year fixed rate loans dropped to 3.13%, with good credit per the Freddie Mac Market Survey. Freddie Mac Survey shows Mortgage rate decline week of April 8, 20921
These low mortgage rates have been the energy needed in a continuing housing rally nationwide and also here in our Phoenix metro market. Although the number of homes on the market is limited, the fuel provided by the low mortgage rates … (1 comments)
record low mortgage rates: Not Again? 2021 Yet ANOTHER Mortgage Rate Record Low!
- 01/12/21 09:14 PM
Yes! Here we go again! 2021 begins with Mortgage Rates in the US hitting yet another RECORD LOW 2.65% for a 30 year mortgage about down about one point from a year ago and the time to buy a home or refinance have never been better.
The average on January 7, 2021 for 30 year fixed rate loans dropped from 2.67% the previous week to 2.65%, per the Freddie Mac Market Survey which is the lowest in the 50 years that these records have been tracked.
These low mortgage rates have been the energy needed in a continuing housing rally nationwide and also … (3 comments)
record low mortgage rates: The American Dream for YOU in 2021?
- 01/07/21 09:31 AM
Is the new year of 2021 the year for the American Dream for YOU? The American Dream still lives. Mortgage rates remain at record lows increasing buying power. Own your own home in Arizona and fly Old Glory proudly on the front porch. God, country and the US Flag and what it stands for in the land of the Grand Canyon and wide open spaces. See Phoenix metro area of Arizona Homes For Sale on the MLS.
Your own home, porch and flag in Arizona Live the American Dream and buy your own home or ranch in Arizona Photo: Pixabay- Michelle Bryant
10 Steps to Buy a Home or What a Home Buyer Should Know (Home Buyer 101)
1. Are you ready to settle down? The average homeowner pays 1 to 4% of their income in home maintenance. The average home owner stays in their home 10 years. Are you ready to settle down with your job or need to travel and explore. Are you ready … (0 comments)
The average for 30 year fixed rate loans dropped from 2.87% the previous week to 2.81% which is the lowest in the 50 years that these records have been tracked. The previous low prior to the new 2.81% average was 2.86% in October.
These low mortgage rates have been the energy needed in a continuing housing rally nationwide and also here in our Phoenix metro market. Although the … (4 comments)
record low mortgage rates: Turkey, Home and Record Low Mortgage Rates...OH MY!
- 11/20/20 09:39 PM
With mortgage rates at all time record lows and often below 3% it is time to accomplish the American Dream. Homes are often less expensive to buy than to rent these days. The American Dream lives and we should give thanks for that...it is time for Turkey, Home and Record Low Mortgage Rates...OH MY! Norman Rockwell reminds us the importance of Home at Thanksgiving and the Low Mortgage Rates Help!
Weltanschauung- Belief that Home Ownership is a positve force for the social good At ActiveRain, and one of our guiding principles of " Weltanschauung" we believe that home ownership is a positive force for social good. Thank you … (6 comments)
record low mortgage rates: How LOW Can You GO? Talking Mortgage Rates That Is!
- 10/20/20 06:49 PM
How LOW can you GO? With mortgage rates, www.BankRate.com reported on Tuesday, October 20, 2020, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 3.040% with an APR of 3.380%. The average 15-year fixed mortgage rate is 2.570% with an APR of 2.890%. The 5/1 adjustable-rate mortgage (ARM) rate is 3.070% with an APR of 4.060%.
How LOW Can You GO! "Limbo is Lower Now"- Chubby Checker sings 3.04% Now much not much lower on mortgage rates this year per the experts...not much higher either
If you have been waiting for mortgage rates to go lower in … (2 comments)
record low mortgage rates: Mortgage Rates Low...Time for the American Dream!
- 09/15/20 09:50 PM
With mortgage rates at all time record lows and often below 3% it is time to accomplish the American Dream. Homes are often less expensive to buy than to rent these days. The American Dream lives... Are you tired of sheltering in place and hunkering down in your apartment? Do you look forward to getting outdoors in the backyard of your very own home?
America is great in so many ways. Anyone can become President, Inventor, Athlete, Astronaunt, Doctor and accomplish their dreams of doing. However there is another dream of family and raising the next generation.
If you had to take the most common characteristic of … (4 comments)
record low mortgage rates: It Just Don't Get Any Better Than This! 2.88% Mortgages
- 08/09/20 03:55 PM
When it comes to Mortgage Rates and home buyer purchasing power It Just Don't Get Any Better Than This! Mortgage rates fell again in the first week of August 2020 to all time record low levels of below 3% dropping to 2.88% for buyers with good credit.
This continues the ability for home buyers to increase their purchasing power and driving up home sales in the Phoenix Arizona metro area and also nationally. This low mortgage rate is also increasing the number of first time home buyers entering the market and also increasing the number of home owners refinancing the homes while mortgage rates … (6 comments)
record low mortgage rates: Mortgage Rates Drop Again in October
- 11/13/19 09:18 AM
Mortgage rates fell again in October 2019 to near record low levels of 3.57% for buyers with good credit. This continues ability for home buyers to increase their purchasing power and driving up home sales in the Phoenix Arizona metro area and also nationally. This low mortgage rate is also increasing the number of first time home buyers entering the market and also increasing the number of home owners refinancing the homes while mortgage rates are this low.
First time home buyers entering the market with near record low mortgage rates Near record low mortgage rates attract first time home buyers and homeowners … (0 comments)
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Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
Mortgage rates in the US remained flat but close to record lows indicating the time to buy a home or refinance is still a wonderful opportunity.
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