So here I am finally getting a site together to blog with my clients, customers and interested people. I will be posting interesting articles, rate updates, value updates for local areas and so much more. I encourage you to email me your questions or comments so I can blog about that too. I want to know what you want to read about. I wont make my posts long and boring. Just quick points for you to read thru so you too can have a bit of knowledge in the industry.
So here I go with my first blog. Let me know what you think. Have a great week.
Mortgage Rate Falls Under 4.5 %
Freddie Mac reports that long-term mortgage rates moved south again this week.
Interest on 30-year fixed loans hit a new low of 4.49 percent, compared to 4.54 percent last week and 5.22 percent a year ago; and the 15-year mortgage landed at 3.95 percent, down from 4 percent last week and 4.63 percent a year ago.
Five-year adjustable-rate mortgages reached a new low of 3.63 percent, down from 3.76 percent last week and 4.73 percent a year ago; while one-year ARMs fell to 3.55 percent from 3.64 percent last week and 4.78 percent a year ago.
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