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.