Average National Mortgage Rate

The national average mortgage rate is 4.32% this week for 30 year fixed-rate loans; it was 4.50% last week. 15-year rate average is 3.37%. 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 Continues Upward Trend-Lovin' the Recovery!

The Case Shiller Value Index report for July was released Yesterday. Single Family Home value in South Florida rose 1.18% between June and July.  Compiling the increases through July, values are up just under 11% for 2013.  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.

National Average Mortgage Rate

The national average mortgage rate is 4.57% this week for 30 year fixed-rate loans; unchanged from last week. 15-year rate average is 3.59%. 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.

National Average Mortgage Rate 4.57%

The national average
mortgage rate is 4.57% this week for 30 year fixed-rate loans; it was 4.51% last week. 15-year rate average is 3.59%. 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.