30year Mortgage Interest Are At A 52 Week Low

30year Mortgage Interest Are At A 52 Week Low

30-year mortgage interest are at a 52 week low at 4.10 down from 4.53 at the beginning of the year. The 15-year mortgage is 3.24. The rates are down in spite of Federal Reserve trimming monthly bond purchases. Not surprising, home sales are also up but at a slower pace.  In Fresno and Clovis there is only a two and half month supply of homes on the market making it a Seller’s market. Our Open House held on September 7 saw a record number of visitors and at least two offers. Potential sellers would likely do very well. However aggressive real estate appraisals are holding prices down in spite of the value buyers see in homes. Real estate is dynamic.

Bryan Martin BRE#01710197  01864461 Headshot
Phone: 559-259-8154
Dated: September 8th 2014
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Bryan Martin BRE#01710197 01864461
7625 N Palm #106
Fresno, CA