Good Monday Morning!

Mortgage interest rates continue their trend down and remain extremely favorable. The current mortgage loan rates make this a highly opportune time to purchase a home.  They also make this a great time to sell a home due to buyer demand.  In fact, buyer demand is high and the inventory of homes for sale remains low.  This has created one of the best sellers markets that I have witnessed in over 30 years of selling Real Estate.  If you are thinking about selling your home this year, Don't wait for Spring/Summer!!!

The followng is a recent mortgage rate review.

The 30-year fixed-rate mortgage averaged 3.47% this week, remaining an alluring incentive for buyers who want to lock in some of the lowest borrowing rates in years.

“With mortgage rates hovering near a five-decade low, refinance application activity is once again surging, rising to the highest level in seven years,” says Sam Khater, Freddie Mac’s chief economist. “This surge, coupled with strong purchase activity, means that total mortgage demand remains robust, reflective of a solid economic backdrop, and a very low mortgage rate environment.”

Freddie Mac reports the following national averages with mortgage rates for the week ending Feb. 13:

  • 30-year fixed-rate mortgages: averaged 3.47%, with an average 0.7 point, rising slightly from last week’s 3.45% average. Last year at this time, 30-year rates averaged 4.37%.
  • 15-year fixed-rate mortgages: averaged 2.97%, with an average 0.8 point, unchanged from last week. A year ago, 15-year rates averaged 3.81%.
  • 5-year hybrid adjustable-rate mortgages:averaged 3.28%, with an average 0.3 point, falling slightly from last week’s 3.32% average. A year ago, 5-year ARMs averaged 3.88%.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

1805 Minda Dr, Eugene, OR 

Price: $525,000    Beds: 4    Baths: 3    Sq Ft: 2460

Don't miss this wonderful Ferry St. Bridge home! Great room concept w/ a spacious kitchen designed for entertaining. Stainless steel appliances & an over sized island w/breakfast bar. Main level master suite has a French door to a private deck. Layo...View this property >> 

AND HERE'S YOUR MONDAY MORNING COFFEE!!