Tuesday, August 22, 2006
POR CUARTA SEMANA CONSECUTIVA BAJA LA TAZA DE INTERES PARA HIPOTECAS
MARRERO REAL ESTATE BROKERAGE LLC
JOSE RAUL MARRERO
REAL ESTATE BROKER LIC
UN MARAVILLOSO DIA PARA TODOS
DURANTES LAS PASADAS SEMANAS CONFRONTAMOS PROBLEMAS CON NUESTRO SERVIDOR Y NO PUDO SER POSIBLE LA PUBLICACION DE LA NOTICIA DEL DIA COMO DE COSTUMBRE. NUESTRAS INDULGENCIAS POR LOS INCONVENIENTES.
A CONTINUACION UNA IMPORTANTE NOTICIA SOBRE COMO EL MERCADO DE BIENES RAICES MUESTRA ESTAR ENCONTRANDO UNA ESTABILIDAD.
Mortgage rates dip for fourth straight week
Mortgage Rate Trend
Index Mortgage rates have bottomed out and will now go up, according to 71 percent of the industry experts polled by Bankrate.com. No one predicted lower rates while the remaining 29 percent foresaw no change over the next 30 to 45 days.
WASHINGTON -- Aug. 18, 2006 -- Rates on 30-year mortgages fell for a fourth consecutive week as a slowing economy eased concerns about inflation.
Mortgage giant Freddie Mac said Thursday that 30-year, fixed-rate mortgages fell to 6.52 percent this week from 6.55 percent last week.
That was the lowest level for 30-year mortgages since they averaged 6.49 percent the week of April 13.
Mortgages had been rising since April, hitting a more than four-year high of 6.80 percent the week of July 20 before easing down.
Analysts attributed the rollback in rates to further evidence that the economy is slowing, which should ease inflation pressures.
"Long term rates continue to relax as economic reports support a picture of a weakening housing sector and a slower growing economy," said Frank Nothaft, chief economist at Freddie Mac.
Nothaft said this week's news that new home construction fell by 2.5 percent in July added to the belief that a slowing housing market will contribute to lower overall growth. This, in turn, will reduce inflation pressures and allow the Federal Reserve to call a halt to further rate hikes.
The central bank last week left rates unchanged, breaking a two-year period of rate increases, although policymakers left the door open to further rate hikes if inflation becomes a problem.
Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, averaged 6.20 percent this week, unchanged from last week.
For one-year adjustable-rate mortgages, rates dipped to 5.65 percent from 5.69 percent last week.
Rates on five-year adjustable-rate mortgages fell to 6.18 percent this week from 6.21 percent last week.
The mortgage rates do not include add-on fees known as points; a point is 1 percent of the total loan amount.
Thirty-year mortgages and 15-year mortgages both carried a nationwide average fee of 0.3 point. One-year ARMS carried a nationwide average fee of 0.5 point, while five-year ARMs carried an average fee of 0.4 point.
A year ago, 30-year mortgages averaged 5.80 percent, 15-year mortgages stood at 5.40 percent, one-year ARMs were at 4.58 percent and five-year ARMs averaged 5.34 percent.
A LA HORA DE BUSCAR ORIENTACION SOBRE COMO CONSEGUIR FINANCIAMIENTO PARA LA COMPRA DE TU PROPIEDAD ES IMPORTANTE EL SERVICIO BRINDADO Y NO SOLO EL CONSEGUIR UNA MEJOR TAZA DE INTERES. ES IMPORTANTE EL ACLARAR TODA DUDA RELACIONADA A SU PRESTAMO.EN MARRERO REAL ESTATE BROKERAGE LLC PODEMOS REFERIRLE A EXTRAORDINARIOS SERVICIOS BANCARIOS EN LA CLARIDAD DE TU IDIOMA.PUEDE LLAMARNOS CUANDO GUSTE AL 787-486-7906 O AL 407-436-5140
JOSE RAUL MARRERO
TODOS SOMOS GUERREROS DE LUZ
JOSE RAUL MARRERO
REAL ESTATE BROKER LIC
UN MARAVILLOSO DIA PARA TODOS
DURANTES LAS PASADAS SEMANAS CONFRONTAMOS PROBLEMAS CON NUESTRO SERVIDOR Y NO PUDO SER POSIBLE LA PUBLICACION DE LA NOTICIA DEL DIA COMO DE COSTUMBRE. NUESTRAS INDULGENCIAS POR LOS INCONVENIENTES.
A CONTINUACION UNA IMPORTANTE NOTICIA SOBRE COMO EL MERCADO DE BIENES RAICES MUESTRA ESTAR ENCONTRANDO UNA ESTABILIDAD.
Mortgage rates dip for fourth straight week
Mortgage Rate Trend
Index Mortgage rates have bottomed out and will now go up, according to 71 percent of the industry experts polled by Bankrate.com. No one predicted lower rates while the remaining 29 percent foresaw no change over the next 30 to 45 days.
WASHINGTON -- Aug. 18, 2006 -- Rates on 30-year mortgages fell for a fourth consecutive week as a slowing economy eased concerns about inflation.
Mortgage giant Freddie Mac said Thursday that 30-year, fixed-rate mortgages fell to 6.52 percent this week from 6.55 percent last week.
That was the lowest level for 30-year mortgages since they averaged 6.49 percent the week of April 13.
Mortgages had been rising since April, hitting a more than four-year high of 6.80 percent the week of July 20 before easing down.
Analysts attributed the rollback in rates to further evidence that the economy is slowing, which should ease inflation pressures.
"Long term rates continue to relax as economic reports support a picture of a weakening housing sector and a slower growing economy," said Frank Nothaft, chief economist at Freddie Mac.
Nothaft said this week's news that new home construction fell by 2.5 percent in July added to the belief that a slowing housing market will contribute to lower overall growth. This, in turn, will reduce inflation pressures and allow the Federal Reserve to call a halt to further rate hikes.
The central bank last week left rates unchanged, breaking a two-year period of rate increases, although policymakers left the door open to further rate hikes if inflation becomes a problem.
Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, averaged 6.20 percent this week, unchanged from last week.
For one-year adjustable-rate mortgages, rates dipped to 5.65 percent from 5.69 percent last week.
Rates on five-year adjustable-rate mortgages fell to 6.18 percent this week from 6.21 percent last week.
The mortgage rates do not include add-on fees known as points; a point is 1 percent of the total loan amount.
Thirty-year mortgages and 15-year mortgages both carried a nationwide average fee of 0.3 point. One-year ARMS carried a nationwide average fee of 0.5 point, while five-year ARMs carried an average fee of 0.4 point.
A year ago, 30-year mortgages averaged 5.80 percent, 15-year mortgages stood at 5.40 percent, one-year ARMs were at 4.58 percent and five-year ARMs averaged 5.34 percent.
A LA HORA DE BUSCAR ORIENTACION SOBRE COMO CONSEGUIR FINANCIAMIENTO PARA LA COMPRA DE TU PROPIEDAD ES IMPORTANTE EL SERVICIO BRINDADO Y NO SOLO EL CONSEGUIR UNA MEJOR TAZA DE INTERES. ES IMPORTANTE EL ACLARAR TODA DUDA RELACIONADA A SU PRESTAMO.EN MARRERO REAL ESTATE BROKERAGE LLC PODEMOS REFERIRLE A EXTRAORDINARIOS SERVICIOS BANCARIOS EN LA CLARIDAD DE TU IDIOMA.PUEDE LLAMARNOS CUANDO GUSTE AL 787-486-7906 O AL 407-436-5140
JOSE RAUL MARRERO
TODOS SOMOS GUERREROS DE LUZ
