- With mortgage rates at new lows, now is a great time to buy your new home!!!
- Despite predictions that mortgage rates were to inch up in the second half of this year, fixed-rate mortgages continue to tumble. Borrowing costs moved lower this week, as the 30-year fixed-rate mortgage dipped to a 4.10 percent average, Freddie Mac reports in its weekly mortgage market survey. The 30-year fixed-rate mortgages previous low average for the year was 4.12 percent.Freddie Mac reports the following mortgage rate national averages for the week beginning Aug 25th. ·
30-year fixed-rate mortgages:averaged 4.10 percent, with an average 0.5 point, dropping from last week’s 4.12 percent. Last year at this time, 30-year rates averaged 4.58 percent.·
15-year fixed-rate mortgages:averaged 3.23 percent, with an average 0.6 point, dropping from last week’s 3.24 percent average. A year ago, 15-year rates averaged 3.60 percent.·
5-year hybrid adjustable-rate mortgages:averaged 2.95 percent, with an average 0.5 point, dropping from last week’s 2.97 percent average. Last year at this time, 5-year ARMs averaged 3.21 percent.·
1-year ARMs:averaged 2.38 percent, with an average 0.5 point, rising from last week’s 2.36 percent average. A year ago, 1-year ARMs averaged 2.67 percent. -- Freddie Mac
Contact me with the neighborhood and price range that you're looking to land a new 2014 low mortgage rate, and lets go see some homes...
About Colleen K. Cotter - mySanDiegoAgent Realty Group
The mySanDiegoAgent Realty Group provides professional real estate consultation in the areas of residential, income properties, luxury rentals, short sales, first time home Buyers, real estate for senior citizens, real estate issues related to divorce, military and corporate relocation. We are experts in downtown San Diego and coastal properties especially Coronado, Encinitas and Point Loma, downtown lofts and condos, urban planning and sports team seasonal placements.
We all want to enhance our neighborhoods. Chris Cate, Councilmem
"We are very pleased with the high quality of service, dedication and professionalism that Philip Crocker provided us during our recent home purchase in North Park. We would highly recommend him to anyone."