admin | January 26, 2008
Hi - Great news for Clearwater real estate, Clearwater Beach real estate and the rest of the country.
This from Realtor Magazine:
-----
30-Year Mortgage Rates Fall to 4-Year Low
Housing industry observers are hopeful that the recent decline in mortgage rates will lead to a recovery in the market.
Freddie Mac reports that interest on 30-year, fixed loans fell for the fourth straight week, landing at their lowest level in nearly four years.
Economists say mortgage rates averaged 5.48 percent for the week ended Jan. 24 -- down from 5.69 percent a week ago -- because of the latest reports about the economy and because the Federal Reserve made its biggest cut in 20 years to a key interest rate.
Freddie Mac also reports that rates on 15-year mortgages declined to 4.95 percent from 5.21 percent, rates on five-year adjustable-rate mortgages dropped to 5.13 percent from 5.4 percent, and rates on one-year ARMs slipped to 4.99 percent from 5.26 percent.
---
Please visit our websites at Clearwater Beach Realty Estate and Dream Realty
This from Realtor Magazine:
-----
30-Year Mortgage Rates Fall to 4-Year Low
Housing industry observers are hopeful that the recent decline in mortgage rates will lead to a recovery in the market.
Freddie Mac reports that interest on 30-year, fixed loans fell for the fourth straight week, landing at their lowest level in nearly four years.
Economists say mortgage rates averaged 5.48 percent for the week ended Jan. 24 -- down from 5.69 percent a week ago -- because of the latest reports about the economy and because the Federal Reserve made its biggest cut in 20 years to a key interest rate.
Freddie Mac also reports that rates on 15-year mortgages declined to 4.95 percent from 5.21 percent, rates on five-year adjustable-rate mortgages dropped to 5.13 percent from 5.4 percent, and rates on one-year ARMs slipped to 4.99 percent from 5.26 percent.
---
Please visit our websites at Clearwater Beach Realty Estate and Dream Realty
Posted 2 years, 9 months ago on January 26, 2008
The trackback url for this post is http://www.clearwaterdreaming.com/blog/bblog/trackback.php/90/
The trackback url for this post is http://www.clearwaterdreaming.com/blog/bblog/trackback.php/90/
Comments on this post:
SQL/DB Error -- [Incorrect file format 'bB_comments']
Warning: Invalid argument supplied for foreach() in /home/dr/public_html/blog/bblog/inc/bBlog.class.php on line 709
Warning: Invalid argument supplied for foreach() in /home/dr/public_html/blog/bblog/inc/bBlog.class.php on line 717
Warning: Variable passed to each() is not an array or object in /home/dr/public_html/blog/bblog/inc/bBlog.class.php on line 967
Comments have now been turned off for this post