Blog, Mortgage Rates
Catch Your Breath, Mortgage Rates Change Little
May 5, 2008 by admin · Leave a Comment
Long-term mortgage rates saw very little change over the past week, according to Freddie Mac. The company said that interest on 30-year fixed loans came in at 6.06% compared to 6.03% for the previous week. Other rates registered a little downward movement, but not much, with the 15-year fixed mortgage averaging 5.59% compared to 5.62% a week earlier and the five-year hybrid adjustable rate floating up to 5.73% from 5.68% over the same period. The one-year ARM, meanwhile, held steady at 5.29%.
Related posts:It does not appear that there is much mortgage rate relief in the immediate future. The bond rates are fluctuating, the New York Stock Exchange is unpredictable, and mortgage backed securities are not seeing the funding required to lower Nashville rates.
If you liked this post, you may also like:
Grant Hammond, Broker, ABR, SFR, ePRO is a multiple award winning real estate broker and owner of Metropolitan Brokers, LLC in Nashville, TN. With career sales exceeding $285 million, Hammond places in the top 5% of real estate brokers nationally. Hammond is well known for exemplary personal service, consummate professionalism and a resolute commitment to his clients in the pursuit of fulfilling their real estate goals. Having represented more than 100 individual clients in just the past 3 years, he has the expertise, market knowledge and skill to understand the full scope of his clients' requirements - business and personal – to design a successful plan with every aspect in mind. 
