DO YOU HAVE MORTGAGE INTEREST RATES
ON YOUR MIND?
Have you been waiting for the rates to drop?
THEY DID!!!!
30 Year Fixed 5.10%
in the Southeast area which includes Alabama
According to an article published by Freddie Mac on February 19, 2009 last year at this time, the 30-year Fixed Rate Mortgage averaged 6.04 percent.
Freddie Mac Primary Mortgage Market Survey®
| Fixed-Rate Mortgages | ||||
| Average Conventional 30-Year Commitment Rate | Fees & Points | Average Conventional 15-Year Commitment Rate | Fees & Points | |
| US | 5.04 | 0.7 | 4.68 | 0.6 |
| Northeast | 4.92 | 0.6 | 4.59 | 0.6 |
| Southeast | 5.10 | 0.7 | 4.72 | 0.7 |
| N. Central | 5.11 | 0.6 | 4.70 | 0.6 |
| Southwest | 5.14 | 0.5 | 4.79 | 0.5 |
| West | 5.04 | 0.8 | 4.68 | 0.7 |
| Five/One-Year Adjustable-Rate Mortgages | |||
| First Commitment Rate | Fees & Points | Margin | |
| US | 5.04 | 0.6 | 2.71 |
| Northeast | 4.73 | 0.6 | 2.58 |
| Southeast | 5.03 | 0.8 | 2.75 |
| N. Central | 5.02 | 0.6 | 2.74 |
| Southwest | 5.26 | 0.4 | 2.78 |
| West | 5.22 | 0.6 | 2.73 |
| One-Year Adjustable-Rate Mortgages | |||
| First Commitment Rate | Fees & Points | Margin | |
| US | 4.80 | 0.5 | 2.75 |
| Northeast | 4.21 | 0.4 | 2.74 |
| Southeast | 5.08 | 0.6 | 2.75 |
| N. Central | 4.81 | 0.7 | 2.71 |
| Southwest | 5.38 | 0.5 | 2.81 |
| West | 4.84 | 0.6 | 2.75 |
Debbie Hutchins a Certified Residential Specialist has been a licensed Realtor since 1987. Serving the Greater Birmingham Area and specializing in Shelby County Debbie is available to assist you with your real estate needs. We hope you have enjoyed reading and hope you will come back! You may also subscribe to "debs doodles" and have it delivered to your email! And as always, you are welcome to search the MLS through Debbies Re/Max website.
All data contained within is deemed correct however, RE/MAX First Choice and/or its Sales Associates are not responsible for errors and/or omissions. Prices are subject to change without notice.
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