Remax Fine Properties
21000 N Pima Rd #100
Scottsdale, AZ 85255
Phone: 888-471-9500
Cell: (602) 739-2385

Mortgage Rates Hit Record Lows for Third Consecutive Week

Posted by Craig Mernitz SRES CRS ABR CDPE e-PRO

For the third week in a row, fixed rate mortgages reached record lows, according to the latest data released by Freddie Mac.


The most popular mortgage, the 30-year-fixed mortgage, fell to 3.79 percent last week. The 30-year fixed mortgage has remained below 4 percent every week except one during 2012. A year ago, it averaged 4.61 percent.


The 15-year mortgage also reached a new record low of 3.04 percent. Last year at this time, the 15-year-fixed mortgage was around 3.80 percent.


Freddie Mac’s Vice President and chief economist, Frank Nothaft, claims that ongoing economic turmoil in Europe is partly responsible for the continuing slide in mortgage rates. He said, “The European debt crisis overshadowed improving economic indicators for the U.S. and allowed Treasury bond yields and fixed mortgage rates to ease for another week.” He also indicated that there were signs of progress in the home construction industry. The rate of construction on single-family homes in the nation picked up to its fastest pace in three months.

AAA Replica Watches Group brandslike Certina, Tissot, and Longines are using Rolex Replica ETA movement, some times even those made exclusive to these brands, while Omega, Blancpain and Breguet have a strong focus on developing and manufacturing their own movements So, welcome to the Replica Rolex pit of mechanical movements. Confused? Don??t be! Replica Hermes Handbags The only thing that is really important is: is an in-house manufactured movement better than those from 3rd party suppliers? The short and simple answer is: No, an in-house movement is not a quality seal or by definition worth the extra money.An in-house movement might make a watch manufacturer more interesting, as they can show they have the Replica Handbags knowledge and or craftsmanship

21000 N. Pima Rd., Suite #100
Scottsdale, AZ 85255

P: (480) 792-9500
T: (888) 471-9500
F: (480) 792-9505

© 2011 RE/MAX Fine Properties
All RIghts Reserved

© 2006-2011 Blueroof360
Privacy Policy