A change in mortgage rate rocketed up to 5 percent in the market!
Posted by admin on February 6, 2010
When I was surfing the net earlier this morning, suddenly the news came out which talks about mortgage increase in some of the year fixed loans. It was on a 30-year fixed loan wherein the increase reached more than 5 percent compared to other fixed loan years.
It fell on the first week of February when a sudden increase in the mortgage rates rocketed up 5 percent up for a 30-year long term fixed loan instantly. Based from Freddie Mac’s statistics, a 30-year fixed loan has a mortgage rate bouncing off to 5.01 percent from last week’s average mortgage rate of 4.98 percent.
Other lower mortgage year’s rates also increase from its previous mortgage rates in the market.
Read more on…
Via Realtor.org (Daily Real Estate News- Mortgage Rates Top 5%)
Salt Lake Stats and Real Estate News
- West Jordan Home Sales Statistics: Viewing the numbers during November 2010!
- West Valley City Home Sales: Numbers Dropped during November 2010!
- Salt Lake City Single Family Homes Update: Numbers during November 2010!
- Salt Lake City Condo Sales in November 2010: Its Statistics!
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