Friday, May 20, 2011

Excellent Mortgage Loan Interest Rates Available Now at Lowest Level This Year

house, man and cash 

It's is amazing and positive news for home buyers and sellers that home loan rates are now at their lowest level for this year 2011. great mortgage interest rates

Interest rates on a 30-year fixed-rate home loan fell for a fifth week in a row and dropped to lowest level this year.   
According to weekly survey by Freddie Mac, the average rate for a 30-year mortgage was 4.61% this past week (the lowest weekly rate in six months).   
great news for buyers This is also down 0.44 of one percent from the 2011 high of 5.05% in February, 2011. 

This week's rate is close to the 40-year low set in November 2010. good news for sellers 
Freddie Mac said that rates this week averaged as follows: 

(a) 30-year fixed - 4.61% with 0.7 points paid up front, or a loan fee equal to 0.7 percent of total loan amount

(b) 15-year fixed - 3.80% with 0.7 points paid up front

(c) Five-year adjustable-rate mortgage - 3.48% with 0.6 points paid up front

(c) One-year adjustable-rate mortgage - 3.15% with 0.6 points paid up front

positive news

Now is the best time for buyers to plan, get loan qualified, and take advantage of these incredibly low mortgage rates.


Source of some information here is from, May 20, 2011.  If you want information about your own situation and home loans, contact a qualified mortgage broker in your area.

If you are in Orange County, CA, contact Tim Sibley, First Capital Mortgage, Corona del Mar, CA @ 949-718-1511.

If you are in New Jersey, contact Jeff Belonger, mortgage broker @ 609-440-5133.

For professional and trusted real estate representation - Harrison K. Long - solutions for real estate and business - REALTOR® and broker associate, GRI - Coldwell Banker Residential Brokerage - 949-854-7747 (phone) - (email) - CA DRE 01410855 - SFR short sale and foreclosure resource certified by the National Association of REALTORs® - also now serving as a director at California Association of REALTORs®.

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Contact us with your questions about real estate, listing and selling of homes and properties @ Orange County, California, real estate.

Posted via email from Explore OC Homes


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