Freddie Mac does surveys that follow the trends in the increases in the 15 year and the 30 year mortgage rates. It is always interesting to see what is happening in the markets, and if you have struggled to keep up with it, don’t worry because I keep up to date on everything that is happening. This is what I do, and the only way I can be good at it, is to stay on top of market trends so I can help families understand what is good for them and why.
The latest survey though was about the 30 year fixed rate mortgage and how it increased slightly again. It rose for the second time in six weeks, and ended up at a whopping 4.23%. This was a slight increase from the previous week when it was 4.21%. Doesn’t sound like a lot, but any increase in rates will always tell you what is happening in the market, just like rates going down will show you what is happening in the markets today.
The 15 year did go up slightly, and it currently sits at 3.66%. The week prior it was sitting at 3.64%. Again, it doesn’t sound like a whole lot, but any increase will always tell you what is happening. Things are from over, and they certainly aren’t perfect, but increases in rates mean that there is a very slight improvement.
-Mayer Dallal
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment