Wednesday, April 4, 2012

Weekly Rate and Real Estate Update, 4.4.12

Interest rates settle back down

Dan’s Activity this week:

This week I’m working through 3 inspections on homes my clients are either buying or selling.  This process almost always brings up something that creates a little extra tension between the buyers and sellers.  The value of having a REALTOR® is clearly evident during this time.  Its really a second negotiation that is many times more tense than working out the price and details of the Purchase Agreement.  The two sellers’ I worked with last week are moving towards listing, one next week and one the week after.  Also had to use my first interpreter to work with new clients who are buying a home!

Rates for the Week
From the IBJ... The average rate for 30-year mortgages fell to 4.23 percent from 4.29 percent in the week ended March 28, according to The rate for 15-year mortgages fell to 3.44 percent from 3.48 percent.

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