U.S. homeowners with mortgages witnessed a 6.6% year-over-year increase in their equity in the second quarter of 2020 – representing a cumulative gain of $620 billion for the nation and an$
Fixed Mortgage Rates Hit Highest Level Since Mid January
The average 30-year, fixed-rate mortgage averaged 4.41% for the week ending April 3, slightly up from 4.40% a week ago, but drastically up from 3.54% a year earlier.
Furthermore, the 15-year, FRM also ticked up to 3.47%, a marginal increase from last week’s 3.42%, but up from 2.74% for the same period in 2013.
The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.12% this week, barely up from 3.10% a week prior, and up from 2.65% a year ago.
The 1-year Treasury-indexed ARM came in at 2.45% this week, rising from 2.44% last week and 2.63% for the same period a year ago. Read More Here...
For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....
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