Belfair Washington Real Estate Interest Rates Drop!!
January 7th, 2008 by Roni German | no responses
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Finally, we are seeing new interest rates that will positively affect those in the Belfair Washington real estate market and hopefully get things moving again. McLean, VA and Freddie friday released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage averaged 6.07% with an average 0.5 point for the week ending January 3, 2008. This was down from last week when it averaged 6.17% too. Last year at this time, the 30-year the fixed rate averaged 6.18%. So we are improving, if only slightly. The 15-year fixed rate this week averaged 5.68% with an average 0.6 point, down from last week when it averaged 5.79%. A year ago at this time, the 15 year mortgages averaged 5.94%.
Five-year adjustable-rate mortgages averaged 5.78% this week, with an average 0.5 point. This is also down from last week when it averaged 5.90%. A year ago, the 5-year adjustable rates averaged 6.02%!! Things are definately beginning to look up. Hopefully this will help Belfair real estate start that upward trend even before the vacation seasons start!!
The Author: Roni German
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This entry was posted by Roni German, on Monday, January 7th, 2008 at 7:45 pm and is filed under Real Estate News, Featured, Community Resources, Blogroll. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response on the right, or trackback from your own site.