Friday, December 18, 2009

Mortgage Rates Up BUT Still Below 5 Percent

Freddie Mac released the results of its Primary Mortgage Market Survey in which the 30 Year Fixed Rate Mortgage averaged 4.94% with an average of .7 points up from last week when it averaged 4.81%.

The 15 Year FRM averaged 4.38% up from 4.32%. Bottom line is rates have gone up slightly this week.

Now is still a great time to buy.  Take advantage of low rates and sellers who are ready to deal!!

Call Sibcy Cline Realtor Michelle Sloan for all your real estate needs in the northern Cincinnati area.

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