SGI Realty One Real Estate Blog

August 8th, 2011 3:30 PM

 

Mortgage rates dropped sharply last week amid signs of a weaker than expected economy.

Rates Update:

  • The 30 year fixed averaged:  4.39% (lowest level for 2011)
  • The 15 year fixed averaged: 3.54% (all time lowest)
  • 5 year ARM: 3.18% (all time lowest)

Experts state that the economy grew 1.3% in the 2nd quarter which was below the market consensus forecast.

However, reports still indicate that the hosing market is firming. 

Recovering housing market AND all time low mortgage rates!  What are you waiting for!?

Contact us at http://www.SGIRealtyOne.com

 

Til' Next Time

Tim D.

>>Complete details on the Cash Back Rebate Program. If you have any questions please do not hesitate to Contact us<<

Posted by SGI Realty One on August 8th, 2011 3:30 PMPost a Comment (0)
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