My Predictions for the 2021 Real Estate Market
As I mentioned yesterday, my 2020 predictions for our local housing market were WAY off base. :-) I did not see such a strong market coming, and if I had known about…
High Temps, But Low Mortgage Rates Throughout Summer 2019
Mortgage interest rates kept dropping lower - and lower - and lower all summer long! The current average rate for a 30 year fixed rate mortgage is only 3.55%, well below…
30 Year Fixed Mortgage Rates Dropped Half Percentage Over Past Two Months
Mortgage interest rates have, indeed, steadily declined over the past two months -- from 4.94% down to 4.45%. That is a half of a percentage point, which is a large…
Aha! This is why there are not not enough homes for sale!
FYI -- yes, I now see I have a double "not" in the title of this article. No, I did not intend for that to be there, but I'll leave it there for now to see who is paying…
Average 30 Year Mortgage Interest Rates Still Below Four Percent
Mortgage interest rates are still below 4% -- after having spent November 2016 through May 2017 between 4% and 4.5%. Today's buyers are enjoying the opportunity to lock…
Mortgage Interest Rates On The Rise, Still, Further, Higher
Well, it seems the mortgage interest rates might really, finally, be on the rise -- for good. Over the past several years there were several times when I thought they…
Recent Rise in Mortgage Rates is a Small Change in a Historical Context
Mortgage interest rates jumped nearly 0.5% over the past week or two, but they are still below 4% given the current average of 3.94% -- and if we look at that rate of…
Mortgage Interest Rates Still Historically Low, For Now
Mortgage interest rates were historically low a year ago, though they around 3.86%. Now, they are REALLY low, with the current average of 3.48%. But at the end of the…
Current mortgage rates still WELL below 12 month average
If I said, a year ago, that mortgage interest rates were going to rise soon --- I was WRONG!!! Current mortgage interest rates are just below 3.5%, and while I am still…
Mortgage Rates Continue To Fall
I promise I won't play-by-play this, but interest rates fell again this week, to an average of 3.92% for a 30-year fixed rate mortgage. Wow! If you're getting ready to…
Mortgage rates hold relatively steady just above 4 percent
Average mortgage interest rates (for a 30 year fixed rate mortgage) are hovering around 4.1% -- the lowest we have seen this year. And looking back even further, we can…
Mortgage Rates Remain Below 4.25%
Rates continue to stay quite low this summer -- hovering between 4% and 4.25%. Whether you are buying a re-sale or new construction home, this is a great time to lock in…