Roger |
September 20 2012
The latest Freddie Mac rates are in, and another drop has been seen from last week.
The 30-year fixed rate dropped from 3.55 to 3.49 percent, and the 15-year rate, the rate most often
used by investors, dropped from 2.85 percent to 2.77 percent.
What does it all mean? Well, Fall is a time when we historically see a drop in home buying. Add to that
the fact that we are still recovering from the recession and investors and home buyers are still cautious.
This rate drop can be seen as an attempt to once again boost sales and keep the market moving in a
positive direction.
For all of your Seattle real estate needs, turn to Roger J Turner, your Seattle real estate expert.
Freddie Mac just released their latest interest rates for August 30, 2012, and there was a slight change.
For 30-year fixed rates, the numbers dropped from 3.66% last week to 3.59 this week.
For the 15-year rates the numbers dropped from 2.89 last week to 2.86 this week.
What does it all mean? Very little most likely; this is just another slight adjustment as lenders try to find
that perfect balance that will lead to increased activity on the market. The rates had slowly risen over
the past couple weeks and now they are making an adjustment based on the data they have compiled.
If you would like more information on how interest rates will affect you please contact me in the form below:
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Freddie Mac released their latest interest rates and the trend towards slight increases continues.
On a 30-year fixed loan, the rate rose from 3.59% last week to 3.62% this week. On a 15-year loan the rates rose from 2.84% last week to 2.88% this week.
What does it all signify? Chances are we have seen the end of the record-breaking low interest rates. As the real estate market continues to stabilize, rates will rise gradually until a proper balance is found. Where that balance is remains a huge point of speculation.
All economic signs continue to point at a gradual improvement in the market. It remains to be seen, of course, what effect the national elections in November will have on the market, and chances are that we will see hesitancy on the part of investors until the political landscape becomes better defined after November.
However, for the average home buyer, if it makes financial sense, there have been very few times when it was a better time to buy or sell your home. If I can help, or you’d like a free newsletter to be kept up to date on Seattle real estate, please sign up for my newsletter!
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Photo by 401(K) 2012 on Flickr.
Rates are going up!
Freddie Mac just announced their weekly interest rates and for the first time in a few weeks there has been a rise in the rates.
The 30-year fixed rate jumped from 3.49% last week to 3.55% this week. In the West the rate is now 3.50%.
The 15-year rate rose from 2.75% last week to 2.83% this week, with the West rated at 2.78%.
Conventional wisdom tells us that this is an indication of an improving market, and most economic indicators do point to that conclusion. People need to realize that this improvement is a very slow process. The market, though improving, still has a long way to go.
Got questions? Ready to sell your home? Let me help you!
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Picture courtesy FutUndBeidl on Flickr.
