Fixed mortgage rates were up slightly this week, however the average rate on the 30-year loan remained below 5%. The average rate on the 30-year fixed mortgage rose to 4.86% from 4.81% the previous week. The average rate on the 15-year fixed mortgage increased to 4.09% from 4.04%. It reached 3.57% in November. The average [...]
15-Year Mortgage Rate Falls Below 4%
March 18, 2011 By Leave a Comment
Fixed mortgage rates fell this week, and a 15-year loan dropped below 4%. The average rate on the 15-year fixed mortgage, a popular refinance option, dropped to 3.97% from 4.15%. The last time the rate was below 4% was in mid-December. The average rate on the 30-year fixed mortgage fell to 4.76% from 4.88% the [...]
Lenders Shy Away From Condos
March 3, 2011 By Leave a Comment
Condominium buyers who sat out last year’s real estate market, waiting for prices to bottom or their own financial footing to improve, find themselves in an enviable situation. Prices have plunged, and mortgage interest rates, while slowly rising, remain near 5%. A great time to buy! The problem for buyers … it’s not just the [...]
- Florida’s Existing Condo & Home Sales Rise In January
February 23, 2011 By Leave a Comment
Existing home and existing condo sales in Florida rose in January. Existing home sales increased 14% last month with a total of 12,151 homes sold statewide compared to 10,702 homes sold in January 2010. January’s statewide sales of existing condos rose 36% compared to the previous year’s sales figure. Seventeen of Florida’s metropolitan statistical areas [...]
- Mortgage Rates Inch Down This Week
February 18, 2011 By Leave a Comment
- Average Mortgage Rates on 30-Year Fixed Up At 4.80%
January 28, 2011 By Leave a Comment
- Fixed Rate Mortgage Rates Drop to 4.77%
January 7, 2011 By Leave a Comment
Interest rates on fixed-rate mortgages dipped this week after rising over the last two months. The average rate on the 30-year mortgage dropped to 4.77% Thursday from 4.86% the previous week. It hit a 40-year low of 4.17% this past November. The average rate on the 15-year loan dropped to 4.13% from 4.20%. It had [...]
- Average Mortgage Rates Climb
January 4, 2011 By Leave a Comment
Average rates on 30-year fixed mortgages rose last week to the highest level in nearly 7 months, reflecting higher yields on long-term Treasurys. The rate increased to 4.86% from 4.81% during the previous week. It hit a 40-year low of 4.17% just last month. The average rate on the 15 year loan climbed to 4.20% [...]
- 30 Year Fixed Average Mortgage Rates Rise To 4.83%
December 17, 2010 By Leave a Comment
Fixed mortgages rates surged for the 5th. straight week. Thursday the average rate on a 30-year fixed mortgage rose to 4.83% from 4.61% the previous week. Last month, the rate hit a 40-year low of 4.17%. The average rate on the 15-year loan also increased to 4.17% from 3.96% after hitting 3.57% in November. Rates [...]
- Mortgage Rates Up At 4.61%
December 10, 2010 By Leave a Comment
Average rates on 15 and 30-year fixed loans have increased sharply since last week. The 30-year rate rose to 4.61% from 4.46% last week. That is well above the 4.17% rate hit a month ago. The average rate on a 15-year fixed loan, rose to 3.96%. Rising mortgage rates are chilling the market for refinancing, [...]
- Average Mortgage Rates Up At 4.39%
November 19, 2010 By Leave a Comment
Fixed mortgage interest rates jumped on Thursday … average rate for a 30-year fixed loan rose to 4.39% . The 15-year loan also climbed to 3.76%. The recent jump in rates rippled through the mortgage market. The number of people filling out mortgage applications fell this past week. Purchase applications dropped by 5% from the previous week, while refinancing applications [...]
- Mortgages Rates Fall Again To New Lows
November 12, 2010 By Leave a Comment
Rates on fixed mortgages again fell to their lowest levels in decades this week, after the Federal Reserve unveiled a massive bond-buying program to help spur economic growth. That marked more than a half-year of record lows. But housing activity has still faltered. The average rate on 15-year fixed loans, a popular choice for refinancing, [...]
- Mortgage Rates Rise To 4.23%
October 29, 2010 By Leave a Comment
The average rate for 30-year fixed loans inched up from 4.21% the previous week. Earlier in the month, rates fell to 4.19%, the lowest average on records dating back to 1971. The average rate on 15-year fixed loans rose to 3.66%. That was up from 3.64% a week earlier. Continued low rates haven’t helped the [...]
- Mortgage Interest Rates Rise
October 22, 2010 By Leave a Comment
Mortgage rates on 30-year fixed mortgages rose slightly from their lowest level in decades, inching up to a national average of 4.21%. The average rate for 30-year fixed loans was up from 4.19% the previous week. That was the lowest level on record since 1971. The average rate on 15-year fixed loans rose to 3.64%. [...]
- Mortgage Rates Hit Decades Low
October 15, 2010 By Leave a Comment
Interest Rates on 30-year mortgages fell this week to 4.19%, the lowest level in decades. Investors are buying up Treasury bonds in anticipation of a move by the Federal Reserve designed to lower mortgage rates and yields on corporate debt. As a result, the average rate for 30-year fixed loans dropped to the lowest level [...]
