Wednesday, March 7, 2012

Weekly Rate and Real Estate Update, 3.7.12

15 & 30 year rates decrease

The market is heating up.  Great time to refinance or buy that bigger home at a lower rate!

Dan's Activity this week:

On Sunday, I'm holding an Open House for a new listing in Carmel.  Today I'm meeting with an investment group to present a portfolio of homes.  On a related note, I received a call last week from an investor in California who is looking to sell his Indy rentals so I'm moving forward in that endeavor as well.  Mix in some home shopping and the Indianapolis Flower and Patio show and you have a full week!

Rates for the week:
From the IBJ: The average rate for 30-year mortgages fell from 4.16 percent to 4.10 percent for the week ended Feb. 29, according to 
The rate for 15-year mortgages fell from 3.38 percent to 3.35 percent. 

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