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.