john elwell: On Thanksgiving 2014 Mortgage Interest Rates Remain Under 4 Percent
- 11/26/14 08:38 AM
Today, 11/26//2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.97% down from 3.99% last week. The average interest rate for 15 year fixed-rate mortgages was 3.17%, unchanged from last week.
Perhaps due to the holiday tomorrow, Freddie Mac did not release any remarks by their spokesperson this week. At least not by the time I wrote this post at 7:30 PM on the night before Thanksgiving. So there are no comments to give you this week.
Do keep in mind that we are a very large country, So figures that come out for the … (0 comments)
|
john elwell: Mortgage Interest Dips Below 4% Yet Again!
- 11/20/14 06:15 AM
Today, 11/20//2014, ;Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.99% down from 4.01% last week. The average interest rate for 15 year fixed-rate mortgages was 3.17%,down from 3.20% last week. A year ago the 30 year rate was 4.22%.
Freddie Mac's spokesperson said, "Fixed mortgage rates were slightly down as housing starts declined 2.8 percent in October below the upwardly revised September rate. However, building permits increased 4.8 percent in October after a 2.8 percent boost a month earlier. Lastly, industrial production slipped by 0.1 percent in October, below the market consensus forecast."
… (0 comments)
|
john elwell: Mortgage Interest Rates Continue to Circle the Lowest Levels of 2014
- 11/13/14 05:26 AM
Today, 11/13//2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.01% down from 4.02% last week. The average interest rate for 15 year fixed-rate mortgages was 3.20%, down from 3.21% last week. A year ago the 30 year rate was 4.35%.
Freddie Mac's spokesperson said, "Fixed mortgage rates were slightly down on mixed results from October's employment report. While the unemployment rate declined to 5.8 percent, nonfarm employment rose by 214,000 jobs, which was below consensus expectations. Net revisions for payroll employment in August and September added 31,000 more jobs to the initial readings."
The economy is … (0 comments)
|
john elwell: Mortgage Interest Rates a Bit Higher for the Second Week
- 11/06/14 05:46 AM
Today, 11/6//2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.02% up from 3.98% last week. The average interest rate for 15 year fixed-rate mortgages was 3.21%, up from 3.13% last week. A year ago the 30 year rate was 4.16%.
Freddie Mac's spokesperson said, "Mortgage rates continued to rise this week with the 30-year fixed-rate mortgage eclipsing the 4 percent mark. The rate increases coincide with real Gross Domestic Product beating consensus expectations of 3.0 percent growth by growing at an annualized rate of 3.5 percent in the third quarter. The ISM Manufacturing Index also beat expectations … (0 comments)
|
john elwell: Mortgage Interest Rates Bounce Back Higher This Week
- 10/30/14 07:11 AM
Today, 10/30/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.98% up from 3.92% last week. The average interest rate for 15 year fixed-rate mortgages was 3.13%, up from 3.08% last week. A year ago the 30 year rate was 4.10%.
Freddie Mac's spokesperson said, "Mortgage rates grew across the board this week, rebounding from the lowest rates of the year. New home sales grew at an annual rate of 467,000 sales in September, the fastest rate observed during the recovery. Meanwhile, the National S&P Case-Shiller House Price Index grew at a seasonally adjusted annual rate of … (0 comments)
|
john elwell: Mortgage Interest Rates Fall to Lowest Level in 2014 Again This Week!
- 10/23/14 03:11 AM
Today, 10/23/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.92% down from 3.97% last week. The average interest rate for 15 year fixed-rate mortgages was 3.08%, down from 3.18% last week. A year ago the 30 year rate was 4.13%.
Freddie Mac's spokesperson said, "Fixed mortgage rates continued to fall this week after the yield on 10 year Treasuries dropped to their lowest point of the year. Existing home sales beat expectations in September clocking in at an annual rate of 5.17 million units, up 2.4 percent from August. Housing starts were up 6.3 percent in … (0 comments)
|
john elwell: Zephyrhills, Florida to Host Halloween Howl 2014 on October 25th
- 10/22/14 07:39 AM
Zephyrhills, Florida will be holding its annual Halloween Howl in the downtown area of the city on October 25th from 4 PM to 9 PM.
There will be a costume parade at 6:00 PM, with participants lining-up at 5:45 PM in front of the 7-11 Convenience Store. Participation is FREE!
There will be a Haunted House in the Jeffries House located at 38533 5th Avenue and a Hayride in front of the Woman's Club across from the 7-11 Convenience Store. There is a $2 charge for the hayride.
Enjoy our cooler evening temperatures and bring your ghosts and goblins to … (0 comments)
|
john elwell: For the First Time in 2014, Mortgage Interest Rates Drop Below 4%!
- 10/16/14 09:41 AM
Today, 10/16/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.97% down from 4.12% last week. The average interest rate for 15 year fixed-rate mortgages was 3.18%, down from 3.30% last week. A year ago the 30 year rate was 4.28%.
Freddie Mac's spokesperson said, "Mortgage rates were down sharply following the decline in the 10-year Treasury yield for the second straight week. Rates are at their lowest levels since June 2013 amidst continued investor skepticism regarding the precarious economic situation in Europe."
Do keep in mind that we are a very large country, So figures … (0 comments)
|
john elwell: Mortgage Rates Slip a Bit Lower! Poor Economic News to Blame!
- 10/09/14 08:12 AM
Today, 10/9/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.12% down from 4.19% last week. The average interest rate for 15 year fixed-rate mortgages was 3.30%, down from 3.36% last week. A year ago the 30 year rate was 4.23%.
Freddie Mac's spokesperson said, "Fixed mortgage rates were down on a week filled with bleak forward projections from the Federal Reserve and concern over growth in Europe. Despite gloomy vernacular from the Fed, mortgage purchase applications were up 2 percent on the week and the labor market added 248,000 jobs, beating expectations and lowering headline … (0 comments)
|
john elwell: October 2014 Real Estate Newsletter from John Elwell is Ready for You!
- 10/03/14 09:13 AM
My October 2014 Real Estate Newsletter is now available for download as a PDF (Adobe Acrobat) file that all computers should be able to open.
Just click on the following link to download this month's newsletter: Download October 2014 Newsletter
I hope that you will find this month's articles interesting and helpful.
If you would like to receive these newsletters automatically each month in the future, just send me an e-mail and let me know. I would be glad to add you to my e-mailing list. You can e-mail me at: jelwell1@tampabay.rr.com or call me at: 813-783-4444
I also invite you … (0 comments)
|
john elwell: Mortgage Interest Rates Remain Very Stable This Week
- 10/02/14 09:27 AM
Today, 10/2/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.19% down from 4.20% last week. The average interest rate for 15 year fixed-rate mortgages was 3.36%, unchanged from 3.36% last week. A year ago the 30 year rate was 4.22%.
Freddie Mac's spokesperson said, "Mortgage rates were flat to slightly down across the board as the Gross Domestic Product was revised up from 4.2 percent to 4.6 percent for the second quarter and the S&P/Case-Shiller National House Price Index was up a seasonally adjusted 0.2 percent for July and up 5.6 percent from the prior July. Pending … (0 comments)
|
john elwell: Mortgage Interest Rates Relatively Unchanged for Labor Day 2014
- 08/28/14 09:06 AM
Today, 8/28/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.10% unchanged from last week. The average interest rate for 15 year fixed-rate mortgages was 3.25%, up a little from 3.23% last week. A year ago the 30 year rate was 4.51%.
Though no big changes, the rates remain VERY low. But so are inventories. So that can make prices rise. Sometimes a bit of a trade-off.
Freddie Mac's spokesperson said, "Mortgage rates were little changed following mixed housing news. Existing home sales rose for the fourth consecutive month to an annualized pace of 5.15 million, the … (0 comments)
|
john elwell: John's August 2014 Florida Newsletter is Now Available for You!
- 08/07/14 07:16 AM
My August 2014 Real Estate Newsletter is now available for download as a PDF (Adobe Acrobat) file that all computers should be able to open.
Just click on the following link to download this month's newsletter: Download August-2014-newsletter
I hope that you will find this month's articles interesting and helpful.
If you would like to receive these newsletters automatically each month in the future, just send me an e-mail and let me know. I would be glad to add you to my e-mailing list. You can e-mail me at: jelwell1@tampabay.rr.com or call me at: 813-783-4444
I also invite you to visit … (0 comments)
|
john elwell: Average Mortgage Interest Rates Moved Very Little This Week
- 07/24/14 10:07 AM
Today, 7/24/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.13% unchanged from 4.13% last week. The average interest rate for 15 year fixed-rate mortgages was 3.26%, up a little from 3.23% last week. A year ago the 30 year rate was 4.31%.
Freddie Mac's spokesperson said, "Mortgage rates were little changed for the week with the 30-year fixed-rate mortgage remaining unchanged. Meanwhile, we received some good news on housing with existing home sales climbing 2.6 percent to a seasonally adjusted annual rate of 5.04 million in June, the highest pace since October 2013."
Do keep in … (0 comments)
|
john elwell: Freddie Mac says Average Mortgage Rates Climb Higher Again this Week!
- 06/12/14 04:46 AM
Today, 6/12/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.20% up from 4.14% last week. The average interest rate for 15 year fixed-rate mortgages was 3.31%, up from 3.23% last week. A year ago the 30 year rate was 3.98%.
Freddie Mac's spokesperson said, "Mortgage rates continued to climb for the second week in a row following the increase in 10-year Treasury yields. Also, the economy added 217,000 jobs in May, following a 282,000 surge in April and a 203,000 increase in March. Meanwhile, the unemployment rate in May held steady at 6.3 percent."
… (0 comments)
|
john elwell: During 1st Week of June 2014 Mortgage Interest Rates are Mostly Stable
- 06/05/14 09:54 AM
Today, 6/5/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.14% up from 4.12% last week. The average interest rate for 15 year fixed-rate mortgages was 3.23%, up from 3.21% last week. A year ago the 30 year rate was 3.91%.
Freddie Mac's spokesperson said, "Mortgage rates were little changed amid a week of light economic reports. Of the few releases, real GDP was revised down to -1.0 percent growth in the first quarter of 2014. ADP Research Institute estimated the private sector added 179,000 jobs in May, which followed a slight downward revision of … (0 comments)
|
john elwell: My June 2014 Florida Real Estate Newsletter Now Ready for YOU!
- 06/02/14 08:24 AM
My June 2014 Real Estate Newsletter is now available for download as a PDF (Adobe Acrobat) file that all computers should be able to open.
Just click on the following link to download this month's newsletter: Download June 2014 Newsletter
I hope that you will find this month's articles interesting and helpful.
If you would like to receive these newsletters automatically each month in the future, just send me an e-mail and let me know. I would be glad to add you to my e-mailing list. You can e-mail me at: jelwell1@tampabay.rr.com or call me at: 813-783-4444
I also invite you … (0 comments)
|
john elwell: Mortgage Interest Rates Hit a Six Month Low according to Freddie Mac
- 05/15/14 10:13 AM
Today, 5/15/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.20% down from 4.21% last week. The average interest rate for 15 year fixed-rate mortgages was 3.29%, down from 3.32% last week. A year ago the 30 year rate was 3.51%.
With the home buying season starting in much of the country now that the weather is warming, these lower interest rates may encourage more home buyers to take the plunge. Locking in these low rates for the next 15 or 30 years will be a gift that keeps on giving for years to … (0 comments)
|
john elwell: Mortgage Interest Rates Go Lower this Week says Freddie Mac Survey
- 05/08/14 09:59 AM
Today, 5/8/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.21% down from 4.29% last week. The average interest rate for 15 year fixed-rate mortgages was 3.32%, down from 3.38% last week. A year ago the 30 year rate was 3.42%.
Freddie Mac's spokesperson said, "Mortgage rates continued moving down following the decline in 10-year Treasury yields after a dismal report on real GDP growth in the first quarter. Meanwhile, the economy added 288,000 jobs in April, the largest since January 2012, and followed an upward revision of 36,000 jobs for the prior two months. … (0 comments)
|
john elwell: My May 2014 Florida Real Estate Newsletter is Now Available to You!
- 05/02/14 03:44 AM
My May 2014 Real Estate Newsletter is now available for download as a PDF (Adobe Acrobat) file that all computers should be able to open.
Just click on the following link to download this month's newsletter: Download May 2014 Newsletter
I hope that you will find this month's articles interesting and helpful.
If you would like to receive these newsletters automatically each month in the future, just send me an e-mail and let me know. I would be glad to add you to my e-mailing list. You can e-mail me at: jelwell1@tampabay.rr.com or call me at: 813-783-4444
I also invite you … (0 comments)
|
|
|
|
Today, 11/26//2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.97% down from 3.99% last week. The average interest rate for 15 year fixed-rate mortgages was 3.17%, unchanged from last week.
;)
;)
;)
