National Average Mortgage Rate Lowest of the Year

The national average mortgage rate is 3.80% this week for 30 year fixed-rate loans (the lowest rate of 2014)

; it was 3.93% last week. 15-year rate average is 3.09%. 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. Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

National Average Mortgage Rate Still Below 4%

The national average mortgage rate is 3.93% this week for 30 year fixed-rate loans; it was 3.89% 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. Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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 Drops this Week

The national average mortgage rate is 3.89% this week for 30 year fixed-rate loans; it was 3.99% last week. 15-year rate average is 3.10%. 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. Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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 Single Family Value Index

The Case Shiller Single Family Value Index for September was published today.  Value in South Florida rose .62% for the month and 6.7% for the year though 30 September.

The national average mortgage rate is 3.99% this week for 30 year fixed-rate loans; it was 4.01% last week. 15-year rate average is 3.17%. 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. Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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 Down a Smidgeon

The national average mortgage rate is 4.01% this week for 30 year fixed-rate loans; it was 4.02% 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. Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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 National Mortgage Rate Back Above 4%

The national average mortgage rate is 4.02% this week for 30 year fixed-rate loans; it was 3.98% last week. 15-year rate average is 3.21%. 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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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 Under 4%

The national average mortgage rate is 3.97% this week for 30 year fixed-rate loans; it was 4.12% last week.  This is the first time the rate has been below 4% since June of 2013.  15-year rate average is 3.18%.  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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.
The


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 National Mortgage Rate Down Slightly

The national average mortgage rate is 4.12% this week for 30 year fixed-rate loans; it was 4.19% last week.  The 15-year rate average is 3.30%.  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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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.

The national average mortgage rate is 4.19

% this week for 30 year fixed-rate loans; it was 4.20% last week.  The 15-year rate average is 3.36%.  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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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

The June 2014 value index was published by Case Shiller this morning.  Once again, Fort Lauderdale/Miami single family homes increased in value according to the index.  While this statistic includes a lot of algorithms well above this blogger's understanding, basically it compares sales in the period against the prior sale of the same property.

National Average Mortgage Rate

The national average mortgage rate is 4.20% this week for 30 year fixed-rate loans; it was 4.23% last week.  The 15-year rate average is 3.36%.  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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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.

With Autumn a Bit of an Increase in the Average Mortgage Rate

The national average mortgage rate is 4.23% this week for 30 year fixed-rate loans; it was 4.12% last week. The increase is attributed to a some signals that the Federal Reserve might increase rates. Rates

were below 4.20% for the entire summer.  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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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 Up a Bit

The national average mortgage rate is 4.12% this week for 30 year fixed-rate loans; it was 4.10% last week. 15-year rate average is 3.26%.  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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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.

The national average mortgage rate is 4.10% this week for 30 year fixed-rate loans; unchanged from 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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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 4.10% this week for 30 year fixed-rate loans; unchanged from last week. 15-year rate average is 3.25%. 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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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

The Case Shiller Value Index through June was published this week.  South Florida single family home values continue to improve with a trend line that suggests the rate-of-increase is cooling off a bit.  All good (sustainable) news in this humble blogger's opinion.

Average Mortgage Rate Down Some More

The national average mortgage rate is 4.10% this week for 30 year fixed-rate loans; it was 4.12% last week. 15-year rate average is 3.23

%. 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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

Average National Mortgage Rate

The national average mortgage rate is 4.12% this week for 30 year fixed-rate loans; it was 4.14% 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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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.

Markets Rattled...Average Rate Unfazed

The national average mortgage rate is 4.14% this week for 30 year fixed-rate loans; it was 4.12% last week. 15-year rate average is 3.27%. 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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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...ho...hum....

The national average mortgage rate is 4.12% this week for 30 year fixed-rate loans; it was 4.13% last week. 15-year rate average is 3.23%. 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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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 real estate purchase, now is the time to make your move.

National Interest Rate Unchanged

The national average mortgage rate is 4.13% this week for 30 year fixed-rate loans; unchanged from last week. 15-year rate average is 3.26%. 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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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 Dips this Week

The national average mortgage rate is 4.13% this week for 30 year fixed-rate loans; it was 4.15% last week. 15-year rate average is 3.23%. 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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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 4.15% this week for 30 year fixed-rate loans; it was 4.12% 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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

Mortgage Rates...WOW!

The national average mortgage rate is 4.14% this week for 30 year fixed-rate loans; it was 4.17% last week. 15-year rate average is 3.22%. 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.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

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 4.17% this week for 30 year fixed-rate loans; it was 4.20% last week. 15-year rate average is 3.30%. 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 4.20% this week for 30 year fixed-rate loans; it was 4.14% 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.

Average Mortgage Rate Flat-Stays Low

The national average mortgage rate is 4.14% this week for 30 year fixed-rate loans; it was 4.12% last week. 15-year rate average is 3.23%. 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 what's UP with Mortgage Rates?

In the fifth-consecutive week of declines, the national average mortgage rate is 4.12% this week for 30 year fixed-rate loans; it was 4.14% last week. 15-year rate average is 3.21%. 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.

Home Values March On!

There was a strong recovery in the month-over-month value index in March (the period reported by the Index today).  While February's index reflected the first decline in 15 months, March roared back with a 1.42% increase for the month.  So, even with February's blip, the value index is up just under 2% for the year.  (Very) simply stated, the index measures single family home values in South Florida by comparing each property's sale (in March in this case) to THAT property's previous sale.

Mortgage Rate at 7-Month Low

The national average mortgage rate is 4.14% this week for 30 year fixed-rate loans; it was 4.20% last week. 15-year rate average is 3.25%. 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.

Mortgage Rate Remains at Low for the Year

The national average mortgage rate is 4.20% this week for 30 year fixed-rate loans; it was 4.21% 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.

Average Mortgage Rate Slips to Lowest Point of the Year

The national average mortgage rate is 4.21% this week for 30 year fixed-rate loans; it was 4.29% last week. 15-year rate average is 3.32%. 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 Seesaws Again

The national average mortgage rate is 4.29% this week for 30 year fixed-rate loans; it was 4.33% last week. 15-year rate average is 3.38%. 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 Decline

For the first time in 15 months, the Case Shiller single family home value index experienced a month-over-month decline of 0.16%.  This small dip was brought about by a softening in higher priced properties in the month of February.  It's premature to read too much into this pattern change but it does give us real estate muses something to write about and hopefully something to keep you dear readers coming back to see what happens next.

Average National Mortgage Rate Up this Week

The national average mortgage rate is 4.33% this week for 30 year fixed-rate loans; it was 4.27% last week. 15-year rate average is 3.39%. 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 at 10-Week Low

The national average mortgage rate is 4.28% this week for 30 year fixed-rate loans

; it was 4.34% 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 Down a Bit

The national average mortgage rate is 4.34% this week for 30 year fixed-rate loans; it was 4.41% last week. 15-year rate average is 3.38%. 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 Up a Very Small Tad

The national average mortgage rate is 4.41% this week for 30 year fixed-rate loans; it was 4.40% last week. 15-year rate average is 3.47%. 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 Interest Rate Up this Week

The national average mortgage rate is 4.40% this week for 30 year fixed-rate loans; it was 4.32% last week. 15-year rate average is 3.42%. 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 Interest Rate

The national average mortgage rate is 4.32% this week for 30 year fixed-rate loans; it was 4.37% last week. 15-year rate average is 3.32%. 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 Upward

The national average mortgage rate is 4.37% this week for 30 year fixed-rate loans; it was 4.28% last week. 15-year rate average is 3.38%. 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 Interest Rate

The national average mortgage rate is 4.28% this week for 30 year fixed-rate loans; it was 4.37% last week. 15-year rate average is 3.32%. 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 Interest Rate Trending Up

The national average mortgage rate is 4.37% this week for 30 year fixed-rate loans; it was 4.33% last week. 15-year rate average is 3.39%. 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.

2013 a Good Year for Home Value

Ok...so it's almost March and you've probably already heard from several sources that it was a good year for real estate owners but faithful readers of this blog (and I'm GRATEFUL for you) know how much credibility I feel the Case Shiller Home Value Index deserves.  There was a significant bump in month-over-month value in the 2nd quarter coming very close to the increases we were seeing at the height of the boom in 2005.  The market cooled a bit in the rest of the year resulting in a hot 16.55% increase in single family values for the year.  A nice boost in the recovery but not completely alarming, compared to the 30.6% rise in 2005.  All indications are that 2014 will be a solid year but in all likelihood not a repeat of 2013.

For the record the Case Shiller index lags the calendar a bit since it compares values of sold properties to the previous sale of the same property so the results are delayed a couple of months to make sure sales are recorded and verified.

National Average Mortgage Interest Rate

The national average mortgage rate is 4.33% this week for 30 year fixed-rate loans; it was 4.28% last week. 15-year rate average is 3.35%. 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 Hold Steady

The national average mortgage 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 Responds to Softer Economic Numbers

The national average mortgage rate is 4.23% this week for 30 year fixed-rate loans; it was 4.32% 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 4.32% this week for 30 year fixed-rate loans; it was 4.39% last week. 15-year rate average is 3.40%. 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.

South Florida Home Value

The Case Shiller Home Price Index for November 2013 was published this morning.  The index for single family home value continued to support the strong housing recovery in the area.  The index was up 1.38% for the month and 15.53% for 2013 through November.  I'll leave whether the market is overheated to other pundits.  Clearly this substantial increase in value makes now a very good time to list and sell.