Tag Archives: mortgage rates

Mortgage Rates Fall Again!!!

After three weeks of trending higher, mortgage rates have once again turned lower. The 30-year fixed-rate came in at an average of 4.28%, according to Freddie Mac’s weekly survey. That’s down from 4.37% last week. Meanwhile, 15-year fixed rates, popular with homeowners refinancing their loans, were at 3.32%, down from 3.39% last week. Rates have […]

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Mortgage Rates Pull Back Further

Freddie Mac’s weekly Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage falling to an average rate of 4.41% for the week ending January 16, down from 4.51% the previous week. A year ago, the 30-year fixed average sat at 3.38%.  The 15 year fixed-rate mortgage averaged 3.45%, down from 3.56% previously. Adjustable rates were […]

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Are we still heading towards 5% mortgages? Lyn Trayte 602-739-0095

A CNN Money article posted recently had some possible good news for buyers who have been hesitating due to rising interest rates.  Last Wednesday, the Federal Reserve announced that it would NOT start tapering it’s purchases of mortgage-backed securities & Treasury bonds.  With prior concerns over reduced bond buying programs, rates on 30 year fixed […]

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Mortgage Rates, Low Inventory Greatest Obstacles for Homebuyers

According to Redfin, 53% of home buyers say that rising mortgage rates are one of their major concerns with buying a home right now. However, low inventory continues to be the chief concern at a whopping 58%. Buyers still are quoted as saying it is a good time to buy and feel that the nation […]

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5 things to know about rising rates

  We are all seeing interest rates rising into the mid 4% range and many home buyers are concerned about the effect this will have on the Real Estate Market.  Here’ is how to prepare for these rising rates if you are considering buying or even refinancing your home… 1) Even thought the rates aren’t […]

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Rising Mortgage Rates may Spark Home Sales

Slowly increasing mortgage rates are prompting some prospective buyers to jump off the fence and buy a home.  Rates have risen 1/2 a point to between 4 & 4.25% since setting record lows last fall around 3.5%.  Though many home owners still remember when interest rates during the inflationary times in 1981 & 1982 exceeded […]

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Not another Bubble, Trulia confirms

Many homeowners & buyers are worried that the present price increases & housing recovery is leading towards another bubble experienced back in the 2005/2006 fiasco.  Trulia has done some research comparing various price indexes to per-capita income & rent data obtained by the government & concluded that home prices are still 7% undervalued nationally, coming […]

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