John's Florida Real Estate Blog

head_left_image

Only a Minor Drop in Mortgage Interest Rates this Week! Still Low!

Down Arrow - JTEToday, 7/17/2014,  Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.13% barely down from 4.15% last week. The average interest rate for 15 year fixed-rate mortgages was 3.23%, down a bit from 3.24% last week. A year ago the 30 year rate was 4.37%.

Freddie Mac's spokesperson said, "Mortgage rates were little changed amid a week of light economic reports. Of the few releases, industrial production rose by 0.2 percent in June, below the market consensus forecast. Also, the producer price index for final demand rose 0.4 percent in June, rebounding from a 0.2 percent decline the prior month."

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. in Zephyrhills, Florida: 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 • July 17 2014 04:26PM
Only a Minor Drop in Mortgage Interest Rates this Week! Still Low!
share
Today, 7/17/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4. 13% barely down from 4. 15% last week. The average interest rate for 15 year fixed-rate mortgages was 3. 23%, down a bit from 3. 24… more
Only Slight Upward Movement in Mortgage Interest Rates this Week
share
Today, 7/10/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4. 15% barely up from 4. 12% last week. The average interest rate for 15 year fixed-rate mortgages was 3. 24%, up a bit from 3. 22%… more
Florida Real Estate Newsletter for July 2014 from John Elwell is Here!
share
My July 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 July 2014 Newsletter… more
Little Movement of Mortgage Interest Rates before 4th of July 2014
share
Today, 7/3/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4. 12% down from 4. 14% last week. The average interest rate for 15 year fixed-rate mortgages was 3. 22%, unchanged from last week. A… more
Mortgage Interest Rates Drop Again Due to Negative Economic News
share
Today, 6/26/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4. 14% down from 4. 17% last week. The average interest rate for 15 year fixed-rate mortgages was 3. 22%, down from 3. 30% last week… more
Mortgage Interest Rates Drop this Week, but Just Slightly
share
Today, 6/19/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4. 17% down from 4. 20% last week. The average interest rate for 15 year fixed-rate mortgages was 3. 30%, down from 3. 31% last week… more
Freddie Mac says Average Mortgage Rates Climb Higher Again this Week!
share
Today, 6/12/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4. 20% up from 4. 14% last week. The average interest rate for 15 year fixed-rate mortgages was 3. 31%, up from 3. 23% last week. A… more
During 1st Week of June 2014 Mortgage Interest Rates are Mostly Stable
share
Today, 6/5/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4. 14% up from 4. 12% last week. The average interest rate for 15 year fixed-rate mortgages was 3. 23%, up from 3. 21% last week. A… more
Our 2014 Hurricane Season has Begun in Florida! Be Sure You are Ready!
share
The 2014 Hurricane Season began yesterday, June 1st in Florida and will be with us until November 30th this autumn. Here are some things I have mentioned in previous posts that you should keep in mind. First, the State of Florida has a… more
My June 2014 Florida Real Estate Newsletter Now Ready for YOU!
share
My June 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 June 2014 Newsletter… more