Welcome to our Home, James! ® Ocean View Beach Homes & Condos Blog

We believe the California Riviera - extending along coastal San Diego and south Orange County - is the best place in the world to live!

WHO MAY POST ON THIS BLOG: We invite contractors, inspectors, lenders, title, escrow and others in fields related to real estate to post helpful articles, advice or comments to this blog. Go ahead and include reference to your website and contact information. We especially encourage enquiries from clients and prospects. Post your questions to this blog - or email or call us - and watch for a timely reply.

Remember, for anything "real estate" along the entire California Riviera from Orange County to the Mexican Border just say, "Home, James!"

SCROLL DOWN TO VIEW POSTS

* If you have a subject of interest, try SEARCH - we already have thousand posts and abundant content on home improvement and maintenance, systems, landscaping, "green" energy efficiency, tax credits and deductions, finance, insurance, and many others! Chances are good that you will find exactly what you need to know. Go ahead, Search!*

Search This Blog

Friday, May 15, 2009

Rates Below 5% for Ninth Week Straight

From Realtor Magazine Online, Daily Real Estate News May 15, 2009

Freddie Mac reports a slight rise in the 30-year fixed mortgage rate to 4.86 percent during the week ended May 14 from 4.84 percent the previous week.

Rates have been below 5 percent for nine weeks in a row. Last year at this time, the average 30-year rate was 6.01 percent.

The 15-year fixed mortgage rate climbed to 4.52 percent from 4.51 percent. Meanwhile, the five-year adjustable mortgage rate slipped to 4.82 percent from 4.9 percent; and the one-year ARM fell to 4.71 percent from 4.78 percent.

Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country.

Source: Freddie Mac
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)