30-Year Fixed-Rate Mortgage Eases Just Below 5 Percent

Fixed-Rate Mortgages
  Average Conventional
30-Year Commitment Rate
Fees & Points Average Conventional
15-Year Commitment Rate
Fees & Points
US 4.95 0.6 4.22 0.7
Northeast 4.99 0.5 4.25 0.6
Southeast 4.92 0.8 4.21 0.8
N. Central 4.99 0.5 4.25 0.5
Southwest 4.98 0.6 4.29 0.6
West 4.90 0.7 4.16 0.7

_____________________________________________________________________________

Rates are below 5% again.  Perfect for the start of the Spring Market.  Lock in rates now and save hundreds when you close. 

  • “Fixed mortgage rates eased again this holiday week amid mixed inflation data reports. Although the core consumer price index for January rose slightly above the market consensus, house prices fell 4.1 percent in the fourth quarter of 2010 compared to the same period in 2009, according to the S&P/Case-Shiller® National Index. In addition, the level of the index was the lowest since the fourth quarter of 2002.
  • “Low mortgage rates and home prices are sustaining affordability in the housing market. Existing home sales rose for the third consecutive month in January and were at the strongest pace in eight months, the National Association of Realtors® reported; only the Northeast region experienced a slowdown in sales.”

There are some great homes to tour this Sunday.  The sun will be shining, the temperatures will be in the mid-50s, all making for a great day to check out open houses at the Jersey Shore.  Enjoy your weekend! 
Not-to-be-missed Open Houses

Advertisements

About Maria Paulina Pagano

As a Realtor for the last twenty years and a Monmouth County resident for twenty-four years, I have accumulated extensive and invaluable knowledge of the Real Estate Market and Market Trends. Member of Ocean, Monmouth, & Middlesex MLS.
This entry was posted in Home Buying, Homeownership, Mortgage, Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s