Interest Rates are Creeping UP

By
Real Estate Agent with Keller Williams Realty Professionals MN Broker #40288835
AS OF 2/14/2011
30-YR FIXED………………………………….. 5.000%
15-YR FIXED………………………………….. 4.250%
JUMBO 30-YR FIXED (> $417,000)…………. 5.625%
JUMBO 15-YR FIXED (> $417,000)…………. 5.125%
Minimum $70,000 loan amount for the following quoted rate:
RURAL DEVELOPMENT  (30-Year Fixed)…. 4.750%
30-YR FIXED FHA…………………………….. 4.750%
 
30-YR FIXED VA……………...……………….. 4.750%
 
3/1 ARM………………………………………… 4.250%
 
5/1 ARM………………………………………… 4.990%
BARE LAND…………………………………...  6.000%

Rates effective as of the date shown above and subject to change. 

 

As real estate agents, we deal with prospective buyers and sellers and that so necessary item, MONEY. Yes the inventory is amazingly good- what a selection, what possiblilties. Now however, I see the home morgage interest rates starting to climb out of those almost unbelivable low rates.

WHAT ARE YOU WAITING FOR???

Posted by

Welcome from the Brainerd Lakes - where outdoor and indoor recreational opportunites abound. Looking to buy on one of our many lakes? Ready to move up or down?  Having trouble selling your home? 

Call me!

Comments (6)

Christopher Taylor
Corpus Christi, TX

Perhaps knowing the rates are going up will spur more potential buyers to get their offer in.

Feb 14, 2011 05:03 PM
Beth Larsen
RE/MAX Sedona - Sedona, AZ
Sedona Arizona

Ah, yes...but they now think all they have to do is wait and it will go down again. I guess time will tell.

Feb 14, 2011 05:21 PM
Jason E. Gordon
AmeriFirst Financial Inc, San Diego, CA - San Diego, CA
Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE

It is nice to see Real Estate Agents staying up-to-date on interest rates. When Realtors & Lenders successfully convey the same information to our clients, our transactions tend to go much smoother. Thanks for the post!

Feb 14, 2011 05:33 PM
Kathy Smiley
Rodeo Realty ~ Fine Estates Westlake Village - Westlake Village, CA
Westlake Village, CA - "Making YOU Smile!"

Okay - let's get the buyers BUSY!

Feb 14, 2011 05:51 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

I know they are and they will continue to rise.  That is why the buyer's need to purchase quickly.

Feb 14, 2011 06:13 PM
Dan Edward Phillips
Dan Edward Phillips, Humboldt and Del Norte Counties, CA - Eureka, CA
Humboldt and Del Norte Counties, CA

Good Morning Kathleen, interest rates are rising, it is time to buy.

Feb 14, 2011 09:40 PM

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