15-Year Mortgage Rates Sink to New Lows

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The 15-year fixed-rate mortgage reached a new all-time record low this week, averaging 2.61 percent, Freddie Mac reports in its weekly mortgage market survey. The 5-year adjustable-rate mortgage also reached a new record low this week of 2.58 percent. 

This marked the fourth-consecutive week mortgage rates inched lower. 

"The housing market is getting a boost with mortgage rates hovering at or near record lows,” says Frank Nothaft, Freddie Mac’s chief economist. 

Freddie Mac reports the following national averages for mortgage rates for the week ending April…

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Mortgage Rates Sink Lower Again This Week

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For the second consecutive week, fixed-rate mortgages edged down, providing ongoing support for the housing recovery, Freddie Mac reports in its weekly mortgage market survey. The 30-year fixed-rate mortgage averaged 3.43 percent this week, which is near its 65-year record low. 

Here’s a closer look at rates for the week ending April 11: 

• 30-year fixed-rate mortgages: averaged 3.43 percent, with an average 0.8 point, dropping from last week’s 3.54 percent average. A year ago at this time, 30-year rates averaged 3.88 percent.  
• 15-year fixed-rate mortgages: averaged 2.65 percent, with an average 0.7 point, falling from last week’s 2.74…

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Mortgage Rates Down Again This Week

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Average fixed-rate mortgages dropped this week, as the 30-year fixed-rate mortgage has hovered around 3.5 percent for the past two months, Freddie Mac reports in its weekly mortgage market survey. 

Freddie Mac reports the following national averages for mortgage rates for the week ending April 4: 

• 30-year fixed-rate mortgages: averaged 3.54 percent, with an average 0.8 point, dropping from last week’s 3.57 percent average. A year ago at this time, 30-year rates averaged 3.98 percent. 
• 15-year fixed-rate mortgages: averaged 2.74 percent, with an average 0.7 point, dropping from last week’s 2.76 percent average. Last year at this time, 15-year…

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Weekly Market Update From The Cascade Team Real Estate

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The first quarter was marked by growing optimism about global growth, particularly with strong data pointing to a recovery in the United States.  The stronger than expected growth increased speculation the U.S. Federal Reserve might scale back its aggressive stimulus earlier than planned.  Mortgage rates increased .25% during the quarter but would have been much more if the Fed were not buying $40 billion of MBS on a monthly basis. The housing market is clearly on a path to recovery.  The chart below shows the number of new housing units authorized by building permits over the last two years.  Inventory of homes for sale continues to decrease and sales activity is increasing.  At the current sales pace, there are 4.4 months…

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Weekly Market Update From The Cascade Team Real Estate

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"And now... the rest of the story." Paul Harvey. With his famous line, “…there's more to every story…” and often those hidden details influence what happened. Read on to learn the big stories from last week, and the important details to note.

                        There was good news last week as retail sales increased 1.1% in February, up from 0.2% in January. This marked the biggest gain in the retail sales number in five months. In addition, the National Federation of Independent Businesses (NFIB) reported that its small-business confidence index inched higher in February.

However, it is important to note that the NFIB's confidence index is still historically low and is below the lowest trough of the 1991-92 and 2001-02…

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Mortgage Rates Reverse, Head Lower This Week

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Mortgage rates moved lower this week, just in time for the spring home buying season, Freddie Mac reports in its weekly mortgage market survey. After rising last week, the 30-year fixed-rate mortgage reversed course and inched back down. The 30-year fixed-rate mortgage — the most popular among home buyers — has remained below 4 percent for a year.

"Low and stable inflation is placing downward pressure on fixed mortgage rates,” says Frank Nothaft, Freddie Mac’s chief economist. 

Here’s a closer look at mortgage rate averages for the week ending March 21: 

• 30-year fixed-rate mortgages: averaged 3.54 percent, with an average 0.8 point, dropping from last week’s 3.63 percent average. A year ago at…

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Your Home Search Tool Box From The Cascade Team Real Estate!

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1) Before Heading Out to Look at Homes This Weekend - Download The Mobile MLS!

It’s like having your very own personal Real Estate Agent riding along with you in the car! One that can even give you directions!

Search for your dream home anytime, anywhere!  WE can help! Text CTRE32 to 88000 and you will have the most advanced and comprehensive mobile search available that will allow YOU to:

• See every property from every brokerage
• School Information
• Annual Property Tax Records
• Driving directions to properties
• Calculate your Mortgage
• See all properties based on GPS location
• See all interior photos for any listing
• Quick contact to see any listing
• Save your favorite properties to view later
• Sold…

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Improving Economy Sends Mortgage Rates Higher

After a bit of a bump to the Mortgage Bonds this week, we calmed down Thursday & today which brought us back under 3.875% for the Conventional/Conforming 30 yr. fixed.  The High Balance Conv./Conf. up to $506K loan amount is right at 4.125%...Still Rocking.

FHA is still at 3.375, with a rather large rate credit depending on loan size. 

Stronger signs of job growth and consumer spending are pushing up mortgage rates, Freddie Mac reports in its weekly mortgage market survey. The 30-year fixed-rate mortgage -- the most popular choice among home buyers -- reached its highest reading since Aug. 23, 2012.

Freddie Mac reports the following national averages with mortgage rates for the week ending March 14: 

• 30-year fixed-rate mortgages: averaged…

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Mortgage Rates Remain Near 65-Year Record Lows

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Fixed-rate mortgages mostly held at the same low averages this week, providing more support for the housing recovery, Freddie Mac reports in its weekly mortgage market survey. 

“Low mortgage rates are helping to revive the housing market,” says Frank Nothaft, Freddie Mac’s chief economist. Mortgage rates have been staying near their 65-year record lows for the last several weeks. 

Freddie Mac reports the following national averages for the week ending March 7: 

• 30-year fixed-rate mortgages: averaged 3.52 percent, with an average 0.7 point, rising  slightly from last week’s 3.51 percent average. A year ago at this time, 30-year rates averaged 3.88 percent. 
• 15-year fixed-rate…

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Mortgage Rates Move Lower

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After mostly holding steady the last few weeks, mortgage rates inched down this week, giving housing a boost leading up to the spring home buying season, Freddie Mac reports in its weekly mortgage market survey. 

Freddie Mac reported the following national averages with rates for the week ending Feb. 28: 

• 30-year fixed-rate mortgages: averaged 3.51 percent, with an average 0.8 point, dropping from last week’s 3.56 percent average. A year ago, 30-year rates averaged 3.90 percent. 
• 15-year fixed-rate mortgages: averaged 2.76 percent, with an average 0.8 point, dropping from last week’s 2.77 percent average. Last year at this time, 15-year rates averaged 3.17 percent. 
• 5-year…

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