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Home Buying Home Selling Mortgages Real Estate

Mortgage Interest Rates Have Popped Up

We saw mortgage interest rate change direction and start moving up in the last 30 days. The recent increase will cost new borrowers an additional $7.34 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 3.73% as of this week. Last month at this time, they were sitting at 3.60%. The slow and steady decline since November 2018 has halted for now.

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Home Buying Mortgages Real Estate

Mortgage Interest Rates Are Lower Again

We saw mortgage interest rates drop a little bit more in the last 30 days. The most recent decrease will save new borrowers an additional $1.71 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 3.81% as of this week. Last month at this time, they were sitting at 3.84%. We have seen a slow and steady decline since November 2018.

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Mortgages Real Estate

How Low Can Mortgage Rates Go?

We saw mortgage rates drop a little bit more in the last 30 days. The most recent decrease will save new borrowers an additional $5.81 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 4.07% as of this week. Last month at this time, they were sitting at 4.17%. We have seen a slow and steady decline since November.

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Home Buying Home Selling Mortgages Real Estate

Mortgage Interest Rates Are Down!

We saw mortgage rates drop a little bit more in the last 30 days. The most recent decrease will save new borrowers an additional $8.19 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 4.17% as of this week. Last month at this time, they were sitting at 4.31%. We have seen a slow and steady decline since November.

mortgage rates

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Home Buying Home Selling Real Estate

Mortgage Payment Rates Continue to Predict a Healthy Local Housing Market

The latest mortgage statistics show an improving market in Sarasota and Manatee counties as the numbers continue to improve. Both short-term delinquency rates (30 days late) and serious delinquencies (90 days + late) are lower than they were last year at this time. From a mortgage perspective, Hurricane Irma had significantly more impact than this year’s red tide.
The most recent data shows that there are roughly 54% less people 30 days late on their mortgages than there were last year at the same time. The total is only 2.9% (versus 3.2% last month).