|
Welcome back! What did you think of our Property Management Software?
Are you subscribed to our feed and receiving email updates? |
Real Estate Mortgage Interest Rates
The contract mortgage interest rate for 30year, fixedrate, conventional mortgages reported by Freddie Mac increased to 5 percent in the first quarter of 2010, 8 basis points above the previous quarter but 6 basis points below the first quarter of 2009. Adjustablerate mortgages (ARMS) in the first quarter of 2010 were going for 4.25 percent, 17 basis points lower than the previous quarter’s rate and 63 basis points below the first quarter of 2009. Fixedrate, 15year mortgages, at 4.38 percent, were up 1 basis point from the fourth quarter of 2009 but down 33 basis points from the first quarter of 2009.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. 2010 1st Quarter Real Estate Market Data – The State of US Housing Mortgage Interest Rates is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
- 2010 1st Quarter Real Estate Market Data – The State of US Housing Stock At the end of the first quarter of 2010 the estimate of the total housing stock, 130,873,000 units, was up a statistically insignificant 0.2 percent from the fourth quarter of......
- 2010 1st Quarter Real Estate Market Data – The State of US New Multifamily Units In the fourth quarter of 2009, 40,800 new, unsubsidized, unfurnished, multifamily (five or more units in structure) rental apartments were completed, down 14 percent from the previous quarter and down......
- 2010 1st Quarter Real Estate Market Data – The State of US Housing Affordability Housing affordability is the ratio of median family income to the income needed to purchase the median priced home based on current interest rates and underwriting standards, expressed as an......
