2nd Quarter 2013 Market Analysis and Rates
FHA 30 YR- 3.875% (5.03% APR)
Conventional 30 YR – 4.25% (4.39% APR)
Conventional 15 YR- 3.375% (3.52% APR)
Rural Housing 30 YR: 4.0% (4.73% APR)
'Interest rates continue to trend upward as the Fed lays out their exit strategy for their stimulus bond buying program. We saw 30 year rates increase more than a full percent from May to June, but most experts agree that rates will likely remain in the 4.50%-4.875% range thru the end of 2013. On a $200,000 loan, the difference between a 4.25% interest rate and a 4.875% interest rate is an additional $900 in yearly interest. If you are considering buying in the near future, I recommend doing it soon so you don’t end up having to pay more for the same house.'
As always, if you have any questions about the information provided, please don't hesitate to contact us. We will continue to work our hardest for our clients and putting on fun and informative events for them and we hope you will continue to refer your friends and family to our team.
Thanks again for all your support, business and friendship! Have a great end to your week!
Jared Fields, JD, ABR, SFR
The Jared Fields Real Estate Team: 'Dedication, Integrity, Transparency, Results'
Realtor, Senior Partner
Blog Archive2017-05-16 23:10:54
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6th Annual ESPN Bracket Challenge $2500 in prizes!
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Winners of our 5th annual Bracket Challenge!!
Tournamnet Challenge Bracket Update 3/21
Easter Event Fundraiser for the Dunn Family
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