Freddie Mac survey
Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) today. The study showed that mortgage rates moved higher from the previous week's record lows as Treasury bond yields also moved higher and other housing data showed some signs of improvement. However, the 5-year ARM did decline to 3.07 percent thereby setting a new all-time record low.
Mortgage rates have been following this trend of up slightly, down slightly for months. Don't look for any large changes soon as the Fed has committed to keeping rates low for near future anyway.
The affordability factor for a home purchase is going to remain fantastic as home prices continue to trend downwards in the Eugene and Springfield market and mortgage interest rates remain at or near historic low levels.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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29296 McTavish Ln
Amazing log cabin with classy appeal. Private, paved driveway leads to the carport. Great room offers stone fireplace & wonderful view of the valley with windows to exposed wooded beams. Adorable kitchen with island. Master suite offers amazing view...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
