April Real Estate Market Report for the Crystal Coast
Tag Archives: reo
Crystal Coast. Big news in real estate mortgage rates came at the end of the month of May. The average 30 year fixed mortgage rate hit a yearlong high at 3.99 percent. The last time 30 year rates were that high was May 2, 2012 when it was at 4.02 percent. Ironically last year’s figure marked an all time low for mortgage interest rates….
Mortgage Rates, Affordability and Foreclosures are on the move. Some are rising and others falling. But all are on the leading edge of a recovering real estate and housing market. It’s hard to believe that the highest mortgage interest rate this year for a 30 year fixed loan has been only 3.85 percent. That happened last March 13. The national average for this past week was at 3.71 percent. Some economists are watching…