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Saturday, March 14, 2020

Really? Mortgage Rates Rise, Taking a Surprising Turn,#TimeToBuy,#FirstTimeHomeBuyers,#MoveUpHomeBuyers,#5StarREALTOR,#HyperLocal, #ChrisBJohnsonREALTOR,#TopProducer,#FlipandFix,#RealEstateInvestor,#RentalProperties, #BoomerageBuyers,#MultiGenerationalBuyers,#AJIBoom,#FindYourDreamHome,#PreApproval

Really? Mortgage Rates Rise, Taking a Surprising Turn: After hitting a record low last week, rates reversed course this week and inched up. Rates still remain at “extraordinary levels,#TimeToBuy,#FirstTimeHomeBuyers................BY 
 
Mortgage rates for 30, 15, ARM. Full information at http://www.freddiemac.com/pmms/
© REALTOR® MAGAZINE

After hitting a record low last week, rates reversed course this week and inched up. Rates still remain at “extraordinary levels,” Freddie Mac said in its weekly rate report.
The 30-year fixed-rate mortgage climbed from last week’s 3.29% record low average to 3.36% this week.
“As refinance applications continue to surge and lenders work to manage capacity, the 30-year fixed-rate mortgage ticked up from last week’s all-time low,” says Sam Khater, Freddie Mac’s chief economist. “Mortgage rates remain at extraordinary levels and many homeowners are smartly weighing their options to refinance, potentially saving themselves money.”
Freddie Mac reported the following national averages with mortgage rates for the week ending March 12:
  • 30-year fixed-rate mortgages: averaged 3.36%, with an average 0.7 point, rising from last week’s 3.29% average. Last year at this time, 30-year rates averaged 4.31%.
  • 15-year fixed-rate mortgages: averaged 2.77%, with an average 0.7 point, falling slightly from last week’s 2.79% average. A year ago, 15-year rates averaged 3.76%.
  • 5-year hybrid adjustable-rate mortgages: averaged 3.01%, with an average 0.2 point, falling from last week’s 3.18% average. A year ago, 5-year ARMs averaged 3.84%.
RateMyAgent :
TOPIC:
 Home Buying
LOCATION:
 
California Ventura County
TAGS:
 
preapproval
 
topproducer
 
hyperlocal
 
firsttimehomebuyers
 
realestateinvestor
 
chrisbjohnsonrealtor
 
rentalproperties
 
timetobuy
 
ajiboom
 
findyourdreamhome
 
5starrealtor
 
moveuphomebuyers
 
flipandfix
 
boomeragebuyers
 
multigenerationalbuyers
#TimeToBuy,#FirstTimeHomeBuyers,#MoveUpHomeBuyers,#5StarREALTOR,#HyperLocal,
#ChrisBJohnsonREALTOR,#TopProducer,#FlipandFix,#RealEstateInvestor,#RentalProperties, #BoomerageBuyers,#MultiGenerationalBuyers,#AJIBoom,#FindYourDreamHome,#PreApproval

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