SGI Realty One Real Estate Blog

June 27th, 2011 3:41 PM

 

Hey Folks-

Mortgage rates were mixed but held steady for the 2nd week with the 30 yr fixed matching last weeks 4.5% average and the 15 yr fixed edging up to 3.69%.

A year ago at this time the 15 yr FRM averaged 4.13% with the 30 yr fixed was at 4.69%.

According to Freddie Mac "Mortgage rates were virtually unchanged this week amid further indications of a soft housing market.  Although new construction on single family homes ticked up in May from April it was still below the overall pace set in 2010.  Moreover, existing home sales fell 3.8% in may to the fewest since November 2010."

That's the latest for now - check back next week for more news and tips!

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 June 27th, 2011 3:41 PMPost a Comment (0)
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