Monday, October 30, 2006
LEVE ALZA EN INTERESES HIPOTECARIOS
MARRERO REAL ESTATE BROKERAGE LLC
JOSE RAUL MARRERO
REAL ESTATE BROKER LIC
UN MARAVILLOSO DIA PARA TODOS
HOY SE ANUNCIA UN LEVE ALZA EN LOS INTERESES HIPOTECARIOS. EN LAS SEMANAS RECIENTES HEMOS OBSERVADO COMO EL COMPORTAMIENTO DE ESTE IMPORTANTE INDICADOR ECONOMICO SE MANTIENE FLUCTUANDO ENTRE ALTAS Y BAJAS. A CONTINUACION EL DETALLE.
Rates on 30-year mortgages rise to highest level in five weeks
Mortgage industry experts polled by Bankrate.com this week say, "No need to lock. Rates aren't going anywhere" over the next 30 to 45 days. Almost three-quarters (71 percent) of the panelists believe mortgage rates will remain relatively unchanged, while the rest (29 percent) think rates will rise.
WASHINGTON (AP) -- Oct. 27, 2007 -- Rates on 30-year mortgages rose this week to the highest level in five weeks.
The mortgage company Freddie Mac reported Thursday that 30-year, fixed-rate mortgages increased to 6.40 percent this week. That was up from 6.36 percent last week and was the highest since they also hit 6.40 percent the week of Sept. 21.
All categories of mortgages showed slight increases for the week, a fact that some analysts attributed to inflation concerns expressed by officials at the Federal Reserve.
The Fed left interest rates unchanged for a third straight meeting on Wednesday after having raised rates 17 consecutive times over two years. Analysts said any rate cuts are still months away because the Fed is worried inflation is too high.
Frank Nothaft, chief economist at Freddie Mac, noted that the slowdown in housing caused the median price of both new and existing homes to post rare declines in September.
"Some areas of the country may experience a few bumps up and down as the housing industry corrects itself in the coming months," he said.
Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, averaged 6.10 percent this week, up from 6.06 percent last week.
Rates on one-year adjustable rate mortgages edged up to 5.60 percent, compared to 5.57 percent last week.
Rates on five-year adjustable rate mortgages rose to 6.14 percent, up from last week's 6.11 percent.
The mortgage rates do not include add-on fees known as points. The 30-year and 15-year mortgages each carried an average nationwide fee of 0.4 point. The one-year ARM had a nationwide average fee of 0.7 point and the five-year ARM had an average fee of 0.6 point.
A year ago, 30-year mortgages averaged 6.15 percent, 15-year mortgages stood at 5.69 percent, one-year ARMs were at 4.91 percent and the five-year ARMs were at 5.63 percent.
GRACIAS POR VISITARNOS
PUEDE COMINICARSE DIRECTAMENTE
787-486-7906
407-436-5140
raulmarrerojr@yahoo.com
www.joseraulmarrero.com
TODOS SOMOS GUERREROS DE LUZ!
ESTA NAVIDAD REGALA ALEGRIA
www.cantoresdebayamon.com
JOSE RAUL MARRERO
REAL ESTATE BROKER LIC
UN MARAVILLOSO DIA PARA TODOS
HOY SE ANUNCIA UN LEVE ALZA EN LOS INTERESES HIPOTECARIOS. EN LAS SEMANAS RECIENTES HEMOS OBSERVADO COMO EL COMPORTAMIENTO DE ESTE IMPORTANTE INDICADOR ECONOMICO SE MANTIENE FLUCTUANDO ENTRE ALTAS Y BAJAS. A CONTINUACION EL DETALLE.
Rates on 30-year mortgages rise to highest level in five weeks
Mortgage industry experts polled by Bankrate.com this week say, "No need to lock. Rates aren't going anywhere" over the next 30 to 45 days. Almost three-quarters (71 percent) of the panelists believe mortgage rates will remain relatively unchanged, while the rest (29 percent) think rates will rise.
WASHINGTON (AP) -- Oct. 27, 2007 -- Rates on 30-year mortgages rose this week to the highest level in five weeks.
The mortgage company Freddie Mac reported Thursday that 30-year, fixed-rate mortgages increased to 6.40 percent this week. That was up from 6.36 percent last week and was the highest since they also hit 6.40 percent the week of Sept. 21.
All categories of mortgages showed slight increases for the week, a fact that some analysts attributed to inflation concerns expressed by officials at the Federal Reserve.
The Fed left interest rates unchanged for a third straight meeting on Wednesday after having raised rates 17 consecutive times over two years. Analysts said any rate cuts are still months away because the Fed is worried inflation is too high.
Frank Nothaft, chief economist at Freddie Mac, noted that the slowdown in housing caused the median price of both new and existing homes to post rare declines in September.
"Some areas of the country may experience a few bumps up and down as the housing industry corrects itself in the coming months," he said.
Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, averaged 6.10 percent this week, up from 6.06 percent last week.
Rates on one-year adjustable rate mortgages edged up to 5.60 percent, compared to 5.57 percent last week.
Rates on five-year adjustable rate mortgages rose to 6.14 percent, up from last week's 6.11 percent.
The mortgage rates do not include add-on fees known as points. The 30-year and 15-year mortgages each carried an average nationwide fee of 0.4 point. The one-year ARM had a nationwide average fee of 0.7 point and the five-year ARM had an average fee of 0.6 point.
A year ago, 30-year mortgages averaged 6.15 percent, 15-year mortgages stood at 5.69 percent, one-year ARMs were at 4.91 percent and the five-year ARMs were at 5.63 percent.
GRACIAS POR VISITARNOS
PUEDE COMINICARSE DIRECTAMENTE
787-486-7906
407-436-5140
raulmarrerojr@yahoo.com
www.joseraulmarrero.com
TODOS SOMOS GUERREROS DE LUZ!
ESTA NAVIDAD REGALA ALEGRIA
www.cantoresdebayamon.com
