Monday, November 27, 2006
CONTINUAN EN BAJA LOS INTERESES HIPOTECARIOS
MARRERO REAL ESTATE BROKERAGE LLC
JOSE RAUL MARRERO
REAL ESTATE BROKER LIC
30-year mortgage rates drop to 10-month low
Steady as she goes:
Mortgage experts polled by Bankrate.com last week are evenly divided on the future direction of mortgage rates. While 50 percent predict no change over the next 30 to 45 days, 20 percent say rates will go “down” while the remaining 30 percent predict an increase.
WASHINGTON – Nov. 27, 2006 -- Mortgage rates around the country fell last week, with rates on 30-year mortgages sinking to their lowest level in 10 months.
Freddie Mac, the mortgage company, reported Wednesday that 30-year, fixed-rate mortgages averaged 6.18 percent last week.
That’s down from 6.24 percent two weeks ago and was the lowest rate since the week ending Jan. 26, when 30-year mortgage rates averaged 6.12 percent.
It marked the second week in a row that mortgage rates dropped, a development that economists attributed to easing inflation pressures. Inflation is calming down amid stabilizing energy prices, slower overall economic activity and the housing slump.
“Slower growth usually means less inflation, and less inflation means lower interest rates. Hence, the drop in mortgage rates (last) week,” said Frank Nothaft, Freddie Mac’s chief economist.
After five years of booming activity, the housing market has lost its sizzle this year. Sales have fallen, builders have cut back on construction and home prices have lost considerable altitude, falling in some markets or rising more slowly in others. The housing slump was the major culprit behind the slower economic growth rate that was logged in the late summer. All categories of mortgage rates surveyed by Freddie Mac showed declines last week – offering some welcome news to those wanting to buy a home.
Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, averaged 5.91 percent. That’s lower than the rate of 5.94 percent two weeks ago.
For one-year adjustable rate mortgages, rates fell to 5.49 percent, compared with 5.53 percent two weeks ago.
Five-year adjustable rate mortgages dropped to 5.99 percent last week, from 6.04 percent two weeks ago. The mortgage rates do not include add-on fees known as points. Thirty-year and 15-year mortgages each carried a nationwide average fee of 0.5 point. One-year and five-year ARMs each carried a fee of 0.6 point.
A year ago, 30-year mortgages averaged 6.28 percent. Fifteen-year mortgages stood at 5.81 percent, one-year ARMs were at 5.14 percent and five-year ARMs averaged 5.75 percent.
gracias por visitar nuestro web
JOSE RAUL MARRERO
787-486-7906
407-436-5140
TODOS SOMOS GUERREROS DE LUZ!
ESTA NAVIDAD REGALE ALEGRIA
www.cantoresdebayamon.com
JOSE RAUL MARRERO
REAL ESTATE BROKER LIC
30-year mortgage rates drop to 10-month low
Steady as she goes:
Mortgage experts polled by Bankrate.com last week are evenly divided on the future direction of mortgage rates. While 50 percent predict no change over the next 30 to 45 days, 20 percent say rates will go “down” while the remaining 30 percent predict an increase.
WASHINGTON – Nov. 27, 2006 -- Mortgage rates around the country fell last week, with rates on 30-year mortgages sinking to their lowest level in 10 months.
Freddie Mac, the mortgage company, reported Wednesday that 30-year, fixed-rate mortgages averaged 6.18 percent last week.
That’s down from 6.24 percent two weeks ago and was the lowest rate since the week ending Jan. 26, when 30-year mortgage rates averaged 6.12 percent.
It marked the second week in a row that mortgage rates dropped, a development that economists attributed to easing inflation pressures. Inflation is calming down amid stabilizing energy prices, slower overall economic activity and the housing slump.
“Slower growth usually means less inflation, and less inflation means lower interest rates. Hence, the drop in mortgage rates (last) week,” said Frank Nothaft, Freddie Mac’s chief economist.
After five years of booming activity, the housing market has lost its sizzle this year. Sales have fallen, builders have cut back on construction and home prices have lost considerable altitude, falling in some markets or rising more slowly in others. The housing slump was the major culprit behind the slower economic growth rate that was logged in the late summer. All categories of mortgage rates surveyed by Freddie Mac showed declines last week – offering some welcome news to those wanting to buy a home.
Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, averaged 5.91 percent. That’s lower than the rate of 5.94 percent two weeks ago.
For one-year adjustable rate mortgages, rates fell to 5.49 percent, compared with 5.53 percent two weeks ago.
Five-year adjustable rate mortgages dropped to 5.99 percent last week, from 6.04 percent two weeks ago. The mortgage rates do not include add-on fees known as points. Thirty-year and 15-year mortgages each carried a nationwide average fee of 0.5 point. One-year and five-year ARMs each carried a fee of 0.6 point.
A year ago, 30-year mortgages averaged 6.28 percent. Fifteen-year mortgages stood at 5.81 percent, one-year ARMs were at 5.14 percent and five-year ARMs averaged 5.75 percent.
gracias por visitar nuestro web
JOSE RAUL MARRERO
787-486-7906
407-436-5140
TODOS SOMOS GUERREROS DE LUZ!
ESTA NAVIDAD REGALE ALEGRIA
www.cantoresdebayamon.com
