March 21, 2010

Mortgage Rates Steady

But not for long, according to experts' predictions home loan rates will rise in April

Freddie Mac’s Primary Mortgage Market Survey^® for the week ending March 18 showed the 30-year fixed-rate mortgage averaging 4.96% with an average 0.7 point paid to obtain that rate, up barely from the previous week when it averaged 4.95%. Last year at this time, the 30-year rate averaged 4.98 percent. Local mortgage lenders in Flagstaff were telling me this will all change as we move into April when rates will, according to their predictions, be in the 6% range.

Here are the numbers from the latest Freddie Mac weekly survey:

chart

To buy or sell any Flagstaff home, contact me: Ann Heitland at RE/MAX Peak Properties.

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Click here to see my featured Flagstaff home listings.


	Freddie Mac's Weekly Press Release on Home Loan Rates
	Get the latest data each week from Freddie Mac's mortgage survey
	http://www.freddiemac.com/pmms/release.html

Topic Tags: home loan rates, mortgage rates, Remax in Flagstaff

by Ann Heitland
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