Category: Mortgage Interest Rates

Historical Mortgage Interest Rate Charts
August 19, 2020

I have been Listing and Selling Real Estate since 1971, spanning 6 Decades now! Never once did I think a 30 Year Fixed Rate Mortgage would be under 3%. And, YES, Mortgage Interest Rates did drop below 3 %! During my Career, I did sell a home where the Buyer obtained a  ...
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Mortgage Interest Rate at 50 Year Low
August 20, 2011

Mortgage Interest Rates Down
On August 18, 2011, FREDDIE MAC  announced that the 30 year fixed mortgage interest rate averaged 4.15%(with 0 .7 points), down from 4.32% the previous week and breaking the previous low of 4.17% set on November 11, 2010. The 15 year fixed mortgage interest rate averaged 3.36%( with 0.6 points), as compared to 3.50% ...
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The Impact of Mortgage Interest Rates!
May 21, 2011

Mortgage Interest Rates
Should Buyers Pay More Attention to Mortgage Interest Rates or Timing the Home Purchase When Home Market Values Hit Bottom? The Dilemma: Buy Now or Wait? Home buyers are searching for the answer.  Many buyers are looking at homes week after week. They see home prices below price levels of last year, and much below the values ...
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Mortgage Interest Rates: First Quarter 2011
April 2, 2011

After increasing to over 5% in late December of 2010, mortgage interest rates ranged from 4.75% and slightly above 5% throughout the first quarter of 2011. Image courtesy of Whether buying or selling a home in Iselin, New Jersey or Colonia or Edison, in Middlesex County or in  any other State, the movement ...
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Mortgage Rate Update
February 11, 2011

Let's Talk About Mortgage Interest Rates Again! Mortgage Interest Rates Well, interest rates increased to over 5% in December, 2010. Then they retreated to a little under 5% in January, 2011. Now, they are moving back up above 5% again. Refresh your memory with a review from my January 10th post. First of ...
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Mortgage Interest Rate Surprise?
January 10, 2011

Interest rates have been surprisingly low for such a long time, no one really thought they would go up. Well, they did, and everyone was caught off guard. In fact, at the end of December, mortgage interest rates increased to 5%. and slighly higher. A surprise to most people involved with real estate! The Good News ...
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