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
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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