Mortgage interest rates continue to decline in April 2011


Mortgage interest rates continue to decline in April 2011
By Scott Rogers • May 25, 2011
After interest rates climbed nearly a full percentage point (4.2% to 5.0%) between October 2010 and February 2011, they have started to decline again over the past several months. April 2011 marks the second straight decline down to the current average of 4.8%. Please note that you may be able to obtain an even lower interest rate than the average rates shown above depending on your credit score and other details of your finances and home purchase. Current rates offered via WellsFargo.com include: 30-Year Conventional Fixed Rate = 4.625% 30-Year FHA Fixed Rate = 4.50% 15-Year Conventional Fixed Rate = 3.75% 5-Year Adjustable Rate = 3.00% The current adjustable rate (3.00%) is a great opportunity if you suspect you will only be in your house for 3-5 years! Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
Comments (1) or Subscribe