Home loan interest dipped for the fifth week in a row, Freddie Mac reports. Rates on 30-year mortgages averaged 3.92 percent this past week, down from 3.97 percent the previous week and from 4.53 percent at the start of the year. The benchmark is now at the lowest level since June 2013! The rate for 15-year loans, which are often selected by borrowers who refinance, slipped to 3.08 percent from 3.18 percent.Market insiders have been expecting mortgage interest to climb based on speculation that the Federal Reserve would begin boosting its short-term rate in 2015; however, that rate hike has not materialized in response to the soft global economy, the spread of Ebola, and other international concerns.
Author:Dorothy Lee Phone: 615-973-6363 Dated: October 28th 2014 Views: 507 About Dorothy: Dorothy Lee’s 18+ years extensive knowledge and experience in Real Estate provides her a unique v...
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At Exit Realty of the South, we are committed to providing you with up-to-date information, comprehensive resources and the highest possible level of customer service in order to meet or exceed your real estate goals and objectives. Guided by honesty and integrity as a professional standard throughout the company, we are devoted to your total satisfaction as the benchmark of our success. The recipe for our success is an extensive support team that is second-to-none and passionate real estate professionals who invest numerous hours of continuing education to remain on top of their field.
Above and beyond having the desire, knowledge and ability to manage a real estate transaction, we employ innovative tools and systems that allow us to be most effective and efficient in serving you. From our computers to web-based real estate software and many other innovative techniques, we are driven to stay at the leading edge of technology to better serve you.
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Part of the job of a REALTOR® is keeping up with what is happeni
"Dorothy was personable, professional, and wonderful to work with. She had great ideas on how to sell my home. Dorothy used her many years of experience to help me set my price, negotiate counter offers and close the deal. She actually had two offers within 4 days of it being on the market a and ultimately had my house sold and closed within 25 days. "