Ventura County HyperLocal Home Price & Mortgage Rate Update

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Real Estate Agent with Allison James Elite CA. BRE 01501699
https://activerain.com/droplet/5bMF

2021 E Bard RD, Oxnard, CA 93033 IS

Remodeled, Refreshed and Ready for move in! http://2021bard.ihousenet.com/ #TimeToBuy

 

Weekly Mortgage Rate Update

 

The stock market performed well this week, causing investors to shift some assets from bonds to stocks, which was negative for mortgage rates. The economic data produced little reaction, and mortgage rates finished the week a bit higher. 

THIS WEEK'S RATE TREND IS UP

 

 
 

Homes For Sale In Oxnard, 2021 E Bard RD Oxnard CA 93033 IS Remodeled Refreshed & Ready for move in 😊

YouTube:  https://youtu.be/etWEBTGEgpE

MLS Link: https://www.flexmls.com/share/1OIHk/2021EBardRDOxnardCA93033

Web Address: http://2021bard.ihousenet.com/

ActiveRain: http://activerain.com/droplet/5bHK

Xome: https://www.xome.com/homes-for-sale/2021-E-Bard-Road-Oxnard-CA-93033-240289931

Another Week of Mostly Flat Mortgage Rates

Borrowing costs haven’t budged much in recent weeks, offering some relief from the weekly rate increases that had almost become routine at the start of 2018.

“Mortgage rates have been holding steady over the past two months,” says Len Kiefer, Freddie Mac’s deputy chief economist. “Rates have bounced around 4.4 percent since mid-February. Rates could break out and head higher if inflation continues to firm. … If inflation continues to trend higher, we may see two or three more rate hikes from the Fed this year, and mortgage rates could follow. For now, mortgage rates are still quite low by historical standards, helping to support homebuyer affordability as the spring home buying season ramps up.”

Freddie Mac reports the following national averages with mortgage rates for the week ending April 12:

  • 30-year fixed-rate mortgages averaged 4.42 percent, with an average 0.4 point, up from last week’s 4.40 percent average. Last year at this time, 30-year rates averaged 4.08 percent. 
  • 15-year fixed-rate mortgages averaged 3.87 percent, with an average 0.4 point, holding the same average as last week. A year ago, 15-year rates averaged 3.34 percent. 
  • 5-year hybrid adjustable-rate mortgages averaged 3.61 percent, with an average 0.3 point, dropping from last week’s 3.62 percent average. A year ago, 5-year ARMs averaged 3.18 percent. 

Source: Freddie Mac

About Me

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Chris B. Johnson is a REALTOR® who Specializes in Short Sale and REO Transactions. Chris has been Certified as a California Association of Realtors HAFA Specialist, a National Association of Realtors Short Sale and Foreclosure Resource, Chris B Johnson Realtor is a Certified Distressed Property Expert, Certified Short Sale Negotiator, Certified Default Advocate and Certified Pre-Foreclosure Specialist. With a full time staff dedicated to short sale negotiations and transactions, we have been successful with (almost) every short sale to date.  LinkedIn Pro    UpNest    What's Your Home Worth?

 
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Rainmaker
407,211
Chris B Johnson
Allison James Elite - Moorpark, CA
5 Star Rated REALTOR® Quality, Not Quantity

2021 E Bard RD, Oxnard, CA 93033 IS Remodeled, Refreshed and Ready for move in! http://2021bard.ihousenet.com/ #TimeToBuy #ChrisBJohnsonRealtor

Apr 13, 2018 12:39 PM #1
Rainmaker
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Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Chris, there are still interest rates that start with 3 ... That is amazing. Great information for Buyers in your blog.

Apr 13, 2018 05:09 PM #2
Rainmaker
407,211
Chris B Johnson
Allison James Elite - Moorpark, CA
5 Star Rated REALTOR® Quality, Not Quantity

Thank you Steffy Hristova !! ...and it is still less expensive to buy than it is to rent for most First Time Home Buyers and Move Up Buyers.

Apr 14, 2018 10:27 AM #3
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