FreddieMac.com reports long term interest rates declined this week for the fifth consecutive week. The average rate on a 30-year fixed rate mortgage is 6.14 percent for the week ending Nov. 30. Down from 6.18 percent last week.
Rates like this make buying a new home for Christmas a great idea. Visit ISellVermontRealEstate to view all Ludlow and Okemo Mountain homes for sale.
If you are one of those people who keeps an eye on interest rates and the stock market, and listens intently to what happens on Wall Street and with Federal Reserve, you will appreciate the post on BankRate.com, What the Fed said: A Fed translation.
No need to learn Fedspeak, it has been translated for you!
Vermont 30-year fixed mortgage rates drop for 5th consecutive week.
BankRate.com is reporting a drop in mortgage rates for the 5th consecutive week. Rates are now the lowest they have been since the end of March. The gap is narrowing between the fixed-rate and adjustable-rate mortgages, making refinancing a sensible option for many homeowners.
If you are thinking of buying a Vermont home and would like to learn more about interest rates and how they effect your buying power, contact me or visit my website. I’m here to help!
The Federal Reserve raised interest rates yesterday to 5.25% which is the highest level in more than 5 years.
What does this rate hike mean to you if you are in the market to buy a home? Give me a call or visit my website. I can introduce you to a well-qualified, knowledgeable, experienced loan officer who can answer all your questions.