Excerpt from: Flagstaff Mortgages
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| June 18, 2010 | | The average 30-year fixed mortgage rate is slightly higher than last week -- but still well below 5% | Freddie Mac had little to say on Thursday as it released the results for its mortgage market survey for the last week. Interest rates are little changed from last week. The 30-year fixed rate remains well below 5% and more than ½ point lower than it was last year at this time.
Freddie Mac’s economist did note that the expiration of the federal homebuyer tax credit at the end of April “may have led to a slowdown in new construction” in May. Indeed, we’ll see the impact of the expiration of the tax credit in home sales throughout the summer. Interest rates are likely to remain low in an effort by to keep housing from a “double-dip,” according to what I’m reading elsewhere.
Here are the numbers for this week’s interest rates:
To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.
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