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.