Weekly Rate and Real Estate Update, 2.8.12

15yr and 30yr rates tick DOWN!

Much like the Patriots receivers, both rates dropped this week!  After the excitement of the Super Bowl here locally, the housing market is getting ready to get HOT, so get your preapproval ON!

Rates for the week:

 From the IBJ: The average rate for 30-year mortgages fell from 4.25 percent to 4.12 percent

for the week ended Feb. 1, according to Bankrate.com. The rate for 15-year mortgages fell

from 3.45 percent to 3.34 percent.

Dan's Activity this week:

I have two upcoming Open Houses planned over the next two weekends!  Let’s hope the weather continues to cooperate.  This time of year you never know when a snow or ice storm might interrupt your well-laid plans and promotion of an Open House.  Watch my DM Irish Facebook page for info on the dates, times, and locations....then stop on by!

Contact me, Realtor® DanIrish, here for more information and to start your home sale or purchase!