National Average Mortgage Rate Reacts to "Taper Turbulence"

The national average mortgage rate is 4.51% this week for 30 year fixed-rate loans; it was 4.58% last week. 15-year rate average is 3.54%. Buyers should always investigate the possibility of a 15-year loan. In some cases a few more dollars each month can translate to thousands saved over the life of a mortgage.

Slow growth in consumer spending is keeping inflation at bay but as the economy improves it will be necessary to raise rates. (the opinion of this charlatan economist). What this means to you is; it is unlikely rates will be any more favorable than they are right now. If you've been putting off refinancing or making a purchase, now is the time to make your move.

Case Shiller Value Index for South Florida-June

The Case Shiller Value Index report for June was released today. Single Family Home value in South Florida rose 2.06% between May and June.  This month's increase shows a bit of cooling off from the previous three months.  So let's enjoy the recovery!  If you have thoughts of selling your property, now would be a very good time.  Prices are much higher than a year or so ago but we can't depend on the trend continuing indefinitely since increasing interest rates will shut buyers out eventually.  So sell now while prices and affordability are high.

Average Mortgage Rate Rises with Treasury Yields

The national average mortgage rate is 4.58% this week for 30 year fixed-rate loans; it was 4.40% last week. 15-year rate average is 3.60%. Buyers should always investigate the possibility of a 15-year loan. In some cases a few more dollars each month can translate to thousands saved over the life of a mortgage.

Slow growth in consumer spending is keeping inflation at bay but as the economy improves it will be necessary to raise rates. (the opinion of this charlatan economist). What this means to you is; it is unlikely rates will be any more favorable than they are right now.  If you've been putting off refinancing or making a purchase, now is the time to make your move. http://ow.ly/i/2xkt0 undefined

Average Mortgage Rate

The national average mortgage rate is 4.40% this week for 30 year fixed-rate loans; it was 4.29% last week. 15-year rate average is 3.43%. Buyers should always investigate the possibility of a 15-year loan. In some cases a few more dollars each month can translate to thousands saved over the life of a mortgage.

Slow growth in consumer spending is keeping inflation at bay but as the economy improves it will be necessary to raise rates. (the opinion of this charlatan economist). What this means to you is; it is unlikely rates will be any more favorable than they are right now. If you've been putting off refinancing or making a purchase, now is the time to make your move.