Mortgage Rates Have Dropped Dramatically!
On September 11, 2008, Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) and report that the 30-year fixed-rate mortgage (FRM) averaged 5.93% for the week end, down from last week when it averaged 6.35%. Last year at this time, the 30-year FRM averaged 6.31%.
The 15-year FRM this week averaged 5.54% down from last week when it averaged 5.90%. A year ago at this time, the 15-year FRM averaged 5.97%.
This along with the temporary tax credit and reinstatement of Down Payment Assistance Programs are all great opportunities you will want to tap into if you are considering buying a home.
Kelly Turbeville is one of South Orange County premier Realtors® focusing in the Saddleback Valley and the communities of Lake Forest, Portola Hills, Foothill Ranch, Whether she’s helping a first time buyer accomplish the goal of homeownership, or coaching a homeowner on how to use their equity to step up into a nice home or use it to buy an investment property or finding exclusive properties for the high end consumer. Kelly is committed to making it happen. So if you’re considering selling or buying a home in
The above information is provided as an opinion and is deemed reliable but not guaranteed.