My Real Estate Blog

March 26th, 2010 7:22 AM
Freddie Mac released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage averaged 4.99 percent with an average 0.6 point for the week ending March 25, 2010, up slightly from last week when it averaged 4.96 percent. Last year at this time, the 30-year FRM averaged 4.85 percent.

The 15-year FRM this week averaged 4.34 percent with an average 0.6 point, up slightly from last week when it averaged 4.33 percent. A year ago at this time, the 15-year FRM averaged 4.58 percent.   

Mortgage rates inched up slightly this week as bond yields rose even further.  Interest rates on 30-year fixed mortgages, however, were still below 5 percent for the fourth consecutive week.

Household debt burdens continue to improve through the end of 2009.  The Federal Reserve reported that the financial obligations for homeowners declined to under 16.1 percent of their disposable income in the fourth quarter, which represents the lowest share since the third quarter of 2003.

Posted by Jim McCowan on March 26th, 2010 7:22 AMPost a Comment (0)
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Jim McCowan 4600 Lee Highway Arlington, VA 22207
Phone: Cell: Fax:

Curb Appeal List | Setting the Sales Price | Free Home Valuation | First Time Buyers | Get Pre-qualified | Home Buyer Checklist | Looking to Buy? | Looking to Sell? | Home | Writing the Offer | Staging Checklist | Buyer's Video | Seller's Video

Copyright © 2012 Jim McCowan
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.