NEW STATS
Thirty-year mortgage rates fell to 4.78 percent Friday, hitting their lowest level since Freddie Mac started tracking rates in 1970.
Adjustable-rate mortgages also eased, but one-year, adjustable-rate mortgages are averaging rates nearly the same as 30-year fixed rates, at 4.77 percent.
Freddie Mac officials reported borrowers who refinanced their mortgages in the first quarter reduced their combined mortgage payments by about $2.5 billion over the coming year.
The Pending Home Sales Index from the National Association of Realtors (NAR) showed a 3.2 percent gain to 84.6 from February, when it was 82. The index stands 1.6 percent higher than a year ago.
These statistics suggest that lots of people think it's time to buy a home. Homes in Tyler Tx are available for you right now; and they are WAY less expensive than in most other areas.
Adjustable-rate mortgages also eased, but one-year, adjustable-rate mortgages are averaging rates nearly the same as 30-year fixed rates, at 4.77 percent.
Freddie Mac officials reported borrowers who refinanced their mortgages in the first quarter reduced their combined mortgage payments by about $2.5 billion over the coming year.
The Pending Home Sales Index from the National Association of Realtors (NAR) showed a 3.2 percent gain to 84.6 from February, when it was 82. The index stands 1.6 percent higher than a year ago.
These statistics suggest that lots of people think it's time to buy a home. Homes in Tyler Tx are available for you right now; and they are WAY less expensive than in most other areas.
posted by John and Flo Martin at 1:42 PM
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