US Real Estate: Mortgage Rates Move Lower
Fixed mortgage rates were mostly lower this week, including the benchmark 30-year fixed mortgage rate which dipped to 3.54 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.39 discount and origination points.
The average 15-year fixed mortgage rate inched lower to 2.87 percent and the larger jumbo 30-year mortgage set a new record low of 4.06 percent. Adjustable mortgage rates were mixed. The 3-year ARM moved higher to 2.83 percent and the popular 5-year ARM remained unchanged at 2.72 percent.
The last time mortgage rates were above 6 percent was Nov. 2008. At the time, the average 30-year fixed rate was 6.33 percent, meaning a $200,000 loan would have carried a monthly payment of $1,241.86. With the average rate now 3.57 percent, the monthly payment for the same size loan would be $902.56, a difference of $339 per month for anyone refinancing now.
US Mortgage Rates Live Trading News Macro Charts
Interested in Investing in US Real Estate?
Linda Johnson,
Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
30 Days FREE of the most advanced research platform ever Thomson Reuters Eikon
SURVEY RESULTS
30-year fixed: 3.54% — down from 3.57% last week (avg. points: 0.39)
15-year fixed: 2.87% — down from 2.88% last week (avg. points: 0.25)
5/1 ARM: 2.72% — unchanged from last week (avg. points: 0.42)
Bankrate’s national weekly mortgage survey is conducted each Wednesday from data provided by the top 10 banks and thrifts in the top 10 markets.
For a full analysis of this week’s move in mortgage rates, go to http://www.bankrate.com/mortgagerates
The survey is complemented by Bankrate’s weekly Rate Trend Index, in which a panel of mortgage experts predicts which way the rates are headed over the next seven days. Results this week are mixed, 42 percent predict mortgage rates will remain unchanged, 33 percent expect mortgage rates to rise in the next seven days and the remaining 25 percent expect a decrease in mortgage rates in the coming week.
Related Articles
US Real Estate News: Mortgage Rates Little Changed
December 14th, 2012
US Real Estate News: Mortgage Rates Jump
December 21st, 2012
US Real Estate: Mortgage Rates Up Slightly
August 16th, 2012
US Real Estate News: Mortgage Rates Hit New Record Lows
December 6th, 2012
US Real Estate Report, Rates Drop
January 17th, 2013
US Real Estate News: Mortgage Rates Drop
October 4th, 2012
More News
HeffCap Global Offshore Dividend Focused CFD Fund, great protection in the current economic environment
Managing investments in equities requires time, knowledge, experience and constant monitoring of stock markets. Those who need an expert to help manage their investments, portfolio management services (PMS) comes as an answer.
The business of portfolio management has never been an easy one. Juggling the limited choices at hand with the twin requirements of adequate safety and sizable returns is a task fraught with complexities.
Given the unpredictable nature of the share market, it requires solid experience and strong research to make the right decision. In the end it boils down to making the right move in the right direction at the right time. That's where the expert comes in.
HCM has decades of experience in providing portfolio Management services, where we help you understand the way into the market
When you invest your hard earned money, it is imperative to know all about your investments. We help you to take those steps forward towards Informed Investments - a consultative and transparent method of investing. With our portfolio management services you are always consulted and informed of all investment decisions, thus giving you total control of your portfolio.
Linda Johnson,
Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.
He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
Member
Chinese Society of Economists
American Economic Society
1 of 6
China Economy in for a Shock
Thursday’s PMI revived investor worries about whether China can sustain an economic revival this year, after annual growth slumped to a 13-year trough in 2012. China’s factory output and investment performance for April released earlier …
CommentaryInvestor Services
Portfolio Management Services
Protect against inflation and currency shifts.
What is Portfolio Management?
Managing investments in equities requires time,
…
UAE Economy Seeing a Spring Boom
HBC
Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …
Knightsbridge Law the JOBS Act IPO Funding Specialists
Does your business qualify, can you be raising funds under the JOBS Act, find out now
One of the most …
The Hot List
Roulette, The Devil’s Game
All of the numbers on a Roulette Wheel add up to 666, hence, that is why roulette is referred to as “The Devil’s Game.”
Roulette …
shoutbox
Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
Tue, 04/30/13 | 0 Comment
1034 
104 
Guest: gsat get it now. if u snooze u lose
Fri, 04/19/13 | 0 Comment
1413
147
