House Loan Prices continue their record-breaking streak

The 30-year fixed-rate mortgage — the most popular choice among real estate customers -is now a full amount factor lower than a season ago.

Fixed-rate home mortgages have been on a record-breaking streak the last few several weeks, forcing home cost even higher.

Market issues over the durability of the financial restoration introduced long-term Treasury makes to new levels this several weeks time enabling set mortgage rates to arrive at history levels.

Here’s a nearer look at rates for the several weeks time finishing in July 2012:

•  30-year fixed-rate mortgages: averaged a new low of 3.49 %, with a typical 0.7 factor, defeating last week’s past history of 3.53 %.  A season ago, 30-year fixed-rate home mortgages averaged 4.55 %.

•  15-year fixed-rate mortgages: averaged a new history low of 2.80 %, with a typical 0.7 factor, losing from last week’s past record-low of 2.83 %. Last season presently, 15-year rates averaged 3.66 %.

•   5-year adjustable-rate mortgages: averaged 2.74 %, with a typical 0.6 factor, increasing from last week’s history low of 2.69 %. Last season presently, 5-year ARMs averaged 3.25 %.

• 1-year ARMs: averaged 2.71 %, with a typical 0.5 factor, also increasing from last week’s 2.69 % regular. A season ago, 1-year ARMs averaged 2.95 %.

Looking to buy a home? Now is a better time considering the historical low rates. Call Towns Realty today at 407-574-3152 and find your dream home.

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