John's Florida Real Estate Blog

head_left_image

Some Mortgage Rates Up and Others Down This Week

Percent Sign - JTEToday, 1/9/2014,  Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.51% down from 4.53% last week. The average interest rate for 15 year fixed-rate mortgages was 3.56%,  up from 3.55% last week. A year ago the 30 year rate was 3.40%. 

Freddie Mac's Vice President said, "Mortgage rates were little changed amid a week of light economic reports. Of the few releases, the private sector added an estimated 238,000 jobs in December, which exceeded the market consensus and followed an upward revision of 14,000 jobs in November, according to the ADP Research Institute. Also, the Institute for Supply Management reported a greater slowing in growth in the non-manufacturing industry in December than the market consensus forecast."

Do keep in mind that we are a very large country, So figures that come out for the entire nation, may have little or no relevance for your particular area. In the end, it is best if you speak with a local REALTOR or financing expert to see what the situation is for your part of the United States. Florida is not Michigan, nor is Maine the same as California. Market conditions can be very different from place-to-place. Also, your own credit history, the property you want to buy, etc. will effect your specific loan options and interest rates. Your mortgage broker or bank loan officer can give you more specific information.

If you want to learn more about Freddie Mac or see the details of their survey, go to: www.freddiemac.com and click on the link for "Current Weekly Survey". They break down the survey by specific regions in the United States so you can see how your state compares to other parts of the country. They also explain the mission of Freddie Mac and offer a lot of useful information for consumers.

If you would like to speak with a local lender you can find several at my website: www.jelwell.century21bnr.com

You can also contact your own bank, credit union, or mortgage broker to see what your particular interest rate would be, should you decide to finance a home purchase.

I would also be happy to assist you in any way that I can. Just call JOHN ELWELL - REALTOR at CENTURY 21 Bill Nye Realty, Inc. : 813-783-4444 or e-mail me at: jelwell1@tampabay.rr.com You are also welcome at my webpage: www.jelwell.century21bnr.com  Licensed in Florida.

John Elwell - REALTOR

CENTURY 21

Bill Nye Realty, Inc.

813-783-4444

Licensed in Florida

 

Comment balloon 0 commentsJohn Elwell • January 09 2014 05:50PM
Some Mortgage Rates Up and Others Down This Week
share
Today, 1/9/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4. 51% down from 4. 53% last week. The average interest rate for 15 year fixed-rate mortgages was 3. 56%, up from 3. 55% last week. A… more
The Snowbirds Arrive in Zephyrhills, FL for the 2014 Winter Season!
share
My My cousin's wife sent me a picture of the thermometer on their porch and it read ZERO degrees yesterday. While here in Zephyrhills, I was out hanging up my laundry in shorts and a T-shirt. Not too shabby. Since Christmas and New Years,… more
1st Zephyrhills Community Rummage Sale of 2014 on January 11th
share
From what I see in the papers and as I drive along our streets each weekend, there are more and more yard sales going on every Saturday. Not only sales in residents' front yards, but also larger community ones in our subdivisions. Guess the return… more
John Elwell's First Florida Real Estate Newsletter of 2014 Now Here!
share
My January 2014 Real Estate Newsletter is now available for download as a PDF ( Adobe Acrobat ) file that all computers should be able to open. Just click on the following link to download this month's newsletter: Download January 2014… more
Last Freddie Mac Survey of 2013 Shows only Tiny Rise in Mortgage Rates
share
Today, 12/26/2013, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4. 48% up from 4. 47% last week. The average interest rate for 15 year fixed-rate mortgages was 3. 52%, up from 3. 51% last week. A… more
After a Few Weeks of Increases, Mortgage Interest Drops a Little
share
Today, 12/12/2013, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4. 42% up from 4. 46% last week. The average interest rate for 15 year fixed-rate mortgages was 3. 43%, up from 3. 37% last week. A… more
Mortgage Interest Rates Take a Larger Jump this Week!
share
Today, 12/5/2013, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4. 46% up from 4. 29% last week. The average interest rate for 15 year fixed-rate mortgages was 3. 47%, up from 3. 30% last week. A… more
John Elwell's December 2013 CENTURY 21 Florida Newsletter Now Ready
share
My December 2013 Real Estate Newsletter is now available for download as a PDF ( Adobe Acrobat ) file that all computers should be able to open. Just click on the following link to download this month's newsletter: Download December 2013… more
Florida's 2013 Hurricane Season Ends with No Major or Minor Storms!
share
Yesterday, November 30th, was the official "last day" of the 2013 Hurricane Season here in Florida. Though possible, it is very unlikely that a storm will form now. The waters of the Atlantic Ocean usually are just too cold now. And warm… more
Negative Economic Data Causes Mortgage Interest Rates to Move "…
share
Today, 11/21/2013, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4. 22% down from 4. 35% last week. The average interest rate for 15 year fixed-rate mortgages was 3. 27%, down from 3. 35% last week… more