Interest Rates Up For the Second Week

By
Real Estate Agent with TIM LORENZ of Keller Williams Realty BRE# 00919781

Yes the Interest Rates Up For the Second Week

Rates are up for the second week.  Freddie Mac's weekly survey shows that average 30 year fixed rate morgtgage fixed rate rose for he second week in a row.  The new rate is 3.59 percent with .6 points. 

The 15 year fixed rate moved up also rising to 2.84 percent and .6 points. 

We do not see rates flying up quickly just creeping up slowing.  Now is still a good time to purchase a home.

Posted by

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

www.markandtim.com

949-874-2247

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Topic:
Lending / Financial
Location:
California Orange County Mission Viejo
Groups:
Outside Blogs
Keller Williams 'Rainers
Realtors®
Posts to Localism
Orange County Real Estate
Tags:
mortgage interest rates

Comments 12 New Comment

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Rainmaker
792,463
Tim Lorenz
949 874-2247
TIM LORENZ of Keller Williams Realty

Sussie

We both need to have the interest stay low for some time to come.

August 23, 2012 08:07 AM
Rainmaker
522,529
Patricia Feager, MBA, GRI, Cert Negotiations Expert, Military Relo Prof
The Little REALTOR® That Could
Keller Williams Realty

Hi Tim,

Rates are up; yet oh so low.

Thanks for the information.

Good selling to you my friend.

 

August 23, 2012 09:02 AM
Ambassador
1,174,884
Toni Weidman
23 Years Selling Homes in New Port Richey, FL
Re/Max Sunset Realty

Rates are up a bit but still a great rate out there, Tim.

August 23, 2012 12:08 PM
Rainmaker
792,463
Tim Lorenz
949 874-2247
TIM LORENZ of Keller Williams Realty

Thank you Patricia I am continuing the task of selling.

August 24, 2012 08:22 AM
Rainmaker
792,463
Tim Lorenz
949 874-2247
TIM LORENZ of Keller Williams Realty

Toni

Yes we are enjoying a good season.

August 24, 2012 08:22 AM
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Rainmaker
792,463

Tim Lorenz

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Additional Information

A real estate professional and investor for over 43 yrs look at the market, the laws, the trends and the condition of the market. A runing commentary of one persons professional's opinion.