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.

Average Mortgage Rate Down Slightly for Second Consecutive Week

The national average mortgage rate is 4.39% this week for 30 year fixed-rate loans; it was 4.41% last week. 15-year rate average is 3.44%. 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 Drop Attributed to Jobs Report

The national average mortgage rate is 4.41% this week for 30 year fixed-rate loans; it was 4.51% last week. The drop in the rate was due to a disappointing employment

report last week. 15-year rate average is 3.45%. 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 Interest Rate

The national average mortgage rate is 4.51% this week for 30 year fixed-rate loans; it was 4.53% last week. 15-year rate average is 3.56%. 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 Starts the Year a Bit Higher

The national average mortgage rate is 4.53% this week for 30 year fixed-rate loans; it was 4.48% last week. 15-year rate average is 3.55%. 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 October was released yesterday. Single Family Home value in South Florida were

up 1.12% between September and October.  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.