August 26, 2010

Mortgage Rates at Bottom?

Talk in Flagstaff is that rates are trending up as Freddie Mac reports another record low last week

Freddie Mac Mortgage Rate Survey Details

Flagstaff home lenders are seeing rates edge up this week, they tell me. Meanwhile, Freddie Mac announced its weekly survey of mortgage rates for the last week and for yet another week, rates reached a record low. This could be the bottom on the mortgage rates.

The difference between what rates were in April and what they are now is nearly three times the value of the now expired homebuyer tax credit, according to a story I heard on Flagstaff's NPR station today. (That's over the life of the loan -- so you're not likely to own your Flagstaff home that long, but it's still a significant deal!)

To see all the Freddie Mac mortgage rate charts for the week, click here.

For a list of Flagstaff mortgage brokers to consult as you plan your Flagstaff home purchase, click here.

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

To search the Flagstaff MLS, click here!

Click here to see my featured Flagstaff home listings.


	Mortgage Rate Update
	Freddie Mac's Mortgage Market Survey Press Release
	http://www.freddiemac.com/pmms/release.html?week=34&year=2010

	Home Buyers Save More with Low Interest Rates
	American Public Media radio show on mortgage rates versus the homebuyer tax credit -- listen or read the transcript
	http://marketplace.publicradio.org/display/web/2010/08/26/pm-home-buyers-save-more-with-low-interest-rates/

Topic Tags: Flagstaff, Flagstaff homes, Freddie Mac, mortgage rates

by Ann Heitland
Contact Us \| Email to a Friend \| www.bestflagstaffhomes.com \| 928.714.0001 what is this?

by Ann Heitland

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