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.