Tag Archive | Mortgage Rates

Mortgage Rates Continue to Fall, Plummet to Yearly Low

According to Freddie Mac, the 30-year fixed rate mortgage – a popular choice among home buyers – fell for the eighth consecutive week to 4.49 percent. This is the lowest the 30-year rate has been in 2011. At this time last year, 30-year rates averaged 4.72 percent.

Current rates mark a fantastic opportunity for those sitting on the fence to capitalize on a buyers’ market. For more information on purchasing a home, please contact us! An experienced agent will guide you through the entire process, helping you every step of the way.

Source: REALTOR® Magazine | Full Article

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Mortgage Rates Reach 2011 Low

According to Freddie Mac, the 30-year fixed-rate mortgage – a popular choice among buyers – dropped for the fourth consecutive week to 4.63 percent. This is the lowest the 30-year rate has been this year.

These falling rates have resulted in an increased number of mortgage applications being filed. The Mortgage Bankers Association reports that applications have increased 8.2 percent this week compared to the prior week.

With mortgage rates hitting a yearly low, now is a fantastic time to purchase a home! Contact one of our agents for more information.

Source: REALTOR® Magazine | Full Article

This Month in Real Estate Video – May 2011

May’s “This Month in Real Estate” video has been released. This month’s top story focuses on the positive effects staging can have on the sale of a home. Of particular note, KW research finds that $250 spent on staging for a $200,000 home can result in the home selling for a 2 percent higher sales price. For the complete story and more, click the “Play” button below.

For more information on staging and how it can lead to the sale of your home, contact us today!

Mortgage Rates Match Yearly Lows: 30 Year – 4.71 Percent

According to a recent Freddie Mac report, the 30-year fixed-rate mortgage – one of the most popular choices among buyers – sank to 4.71 percent this week, matching the lowest rate of the year.

“Weaker economic data reports reduced Treasury bond yields and allowed mortgage rates to drift lower for the third consecutive week,” said Frank Nothaft, Freddie Mac’s chief economist.

With mortgage rates dropping to yearly lows and the spring market in full swing, now is a great time to purchase a home! Contact a Keller Williams Signature Partners agent today for more information, or click here for our property search!

Source: REALTOR® Magazine | Full Article

Report: Mortgage Rates on the Rise This Week

According to REALTOR® Magazine, mortgage rates are once again on the rise for the fourth consecutive week. Still, despite the slow increase, rates remain just below 5 percent, equaling affordability for buyers.

Frank Nothaft, chief economist for Freddie Mac, also noted that consumer purchases rose for the ninth straight month, indicating a potentially positive upswing for the economic recovery.

Below are the most current mortgage rates for the week:

  • 30-year fixed-rate mortgages: averaged 4.91 percent, up from last week’s 4.87 percent. Last year at this time, 30-year rates averaged 5.07 percent.
  • 15-year fixed-rate mortgages: averaged 4.13 percent, up from last week’s 4.10 percent average. Last year, 15-year rates averaged 4.40 percent at this time.
  • 5-year adjustable-rate mortgage: averaged 3.78 percent, an increase from last week’s 3.72 percent average.

For more information on the real estate market, contact us today!

Source: REALTOR® Magazine | Full Article

This Month in Real Estate Video – April 2011

April’s “This Month in Real Estate” video has been released. The top story concerns the length of time you should spend with an agent before looking at homes. According to the report, consultations should be less than 90 minutes. This month’s edition also offers a breakdown of current market statistics. For the complete story and more, click the “Play” button below.

For more information on market trends or to schedule your consultation appointment, contact us today!

 

Mortgage Purchase Activity Reaches Highest Level of the Year

According to the Mortgage Bankers Association, mortgage applications rose to the highest level of the year last week. Overall, applications increased 15.5 percent, reaching the highest point they have been since May 2010.

“An improving job market is beginning to pave the way for an improving housing market,” said Michael Fratantoni, MBA’s vice president of research and economics. “Additionally, mortgage interest rates remained below 5 percent for a second week, maintaining affordability for buyers and leading to an increase in refinance applications.”

Are you looking to take advantage of low mortgage rates? Contact us today for more information!

Source: REALTOR® Magazine | Full Article

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