15yr and 30yr rates tick up
Welcome
to February. I don’t know where you
live, but it sure feels like Spring!
While I’m sure we’ll get our fair share of Winter, the unusually warm
weather makes it feel like the selling season has begun!
Rates for the week:
From
the IBJ: The average rate for 30-year mortgages rose from 4.18 percent
to 4.25 percent for the week ended Jan. 25, according to Bankrate.com. The rate
for 15-year mortgages rose from 3.39 percent to 3.45 percent.
Dan's Activity this week:
FYI…short sales can be
frustrating. Two clients have offers in
on properties that are short sales and the process can be challenging. It’s not only that it moves slowly, it’s that
a lot of the time you just don’t get any information as to what’s going on. An update that there is no update is still an
update! While good and great deals on
short sales are possible, be prepared for the long haul.
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