National Average Mortgage Rate

The national average mortgage rate is 4.10% this week for 30 year fixed-rate loans; it was 4.13% last week. 15-year rate average is 3.20%. 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

The Case Shiller Value Index report for August was released today. Single Family Home value in South Florida rose 0.79% between July and August.  This report and statistics from Realtors suggest the market may be cooling a bit, but it's still a great 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 and increasing interest rates may shut buyers out eventually.  So sell now while prices and affordability are high.

4-Month Low for the Average National Mortgage Rate

The national average mortgage rate is 4.13% this week for 30 year fixed-rate loans; it was 4.28% last week. 15-year rate average is 3.24%. 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.

Average Mortgage Rate Edges Up

Despite the madness in Washington this week, the average national mortgage rate edged up only slightly.  The rate is 4.28% this week for 30 year fixed-rate loans; it was 4.23% last week. 15-year rate average is 3.33%. 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

The national average mortgage rate is 4.23% this week for 30 year fixed-rate loans; it was 4.22% last week. 15-year rate average is 3.31%. 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.

So Much for my Assertion that Rates are on an Inexorable Climb....

The national average mortgage rate is 4.22% this week for 30 year fixed-rate loans; it was 4.32% last week. 15-year rate average is 3.29%. 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.