Rates on Kiddie Rollercoaster

Freddie Mac's weekly survey of home loan rates, released Wednesday, showed 30-year fixed rates down from the previous week, which had been up from the week before that. Mortgage rates generally are hovering around 5% with less than a point of fees required to obtain that rate. This seems likely to continue for some months.

Because I'm headed on vacation, I'll leave it to you to check the rate movement for the next couple of weeks on your own. You can follow this link and get Freddie Mac's charts and press release each Wednesday. Rates may begin to rise in early December because of anticipated European bond movements (I'd tell you I'm going to Europe to check this out, but that wouldn't be true -- I'm going for a wedding and probably won't be following the bond market).

You'll get the best advice on mortgages for your Flagstaff home by speaking with a local lender in Flagstaff who is plugged into national rate movements and probable future trends.

Best wishes for the next 10 days -- look for updates on the Flagstaff homes market here then. Meanwhile, if you'd like to buy or sell a Flagstaff home, just call -- there will be a great RE/MAX Peak Properties agent available to help while I'm away.