Mortgage Rates
Hi and welcome to Wednesday. Over the hump and on to the weekend!
Mortgage rates tend to be one of the key factors in sales rates. Rates remain low, and should help the market out of the doldrums as investors start to clear out. Here is a snippet from Inman News on rates.
Overnight real estate rates barely budge
30-year fixed rate at 6.17%; 10-year Treasury yield at 4.97%
Wednesday, June 14, 2006
Inman News
Long-term mortgage interest rates were mostly flat again Tuesday, and the benchmark 10-year Treasury bond yield slipped to 4.97 percent.
The 30-year fixed-rate average dipped to 6.17 percent, and the 15-year fixed-rate held at 5.88 percent. The 1-year adjustable was up slightly at 5.26 percent.
The 30-year Treasury bond yield held at 5.02 percent.
Rates are current as of 7:15 p.m. Eastern Standard Time.
Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.
We expect to have three new listings next Monday. All three are in the Queen Creek area and will be priced right for quick sales. If you are looking in that area, please check back late Monday or Tuesday for more details.
Adam Tarr, ePro
Sharon Kotula, ABR
Your Phoenix Area Real Estate Source
RE/MAX Excalibur
Scottsdale, AZ
480-483-3333
info@WeAreAZRealEstate.com