Wednesday, April 11, 2012

Weekly Rate and Real Estate Update, 4.11.12

Interest rates up and down

Dan’s Activity this week:
Well 2 of the 3 inspections made it through.  Unfortunately, we lost one and will remarket the home.  One closing tomorrow and one set for April 27th.  I received a call out of the blue today from out of town buyers that are coming in TOMORROW, thus the delay in this weekly post.  Rates are hot, my mortgage guy is super busy and I can barely get my inspector scheduled 10 days out…yep, things are looking good in Central Indiana!

Rates for the Week
From the IBJ... The average rate for 30-year mortgages inched up from 4.23 percent to 4.25 percent in the week ended April 4, according to The rate for 15-year mortgages fell to 3.42 percent from 3.44 percent.

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