Yesterday, June 21, 2007, was Summer Solstice, or the first day of Summer. So, where do we currently stand with our average mortgage rates? According to Freddie Mac's Weekly Primary Mortgage Market Survey, rates are as follows:
30-yr Fixed Rate Mortgage: 6.69% with fees & points averaging at 0.5
15-yr Fixed Rate Mortgage 6.37% with fees & points averaging at 0.5
5/1-yr Adjustable Rate Mortgage 6.31% with fees & points averaging at 0.6
1-yr Adjustable Rate Mortgage 5.66% with fees & points averaging at 0.7
Mortgage rates eased over the past week, and are down this week from last.
If you are in the market to purchase a home, please contact Mike & Melody Vanderhoff with
Vanderhoff Real Estate today. We can assist you with your real estate questions and set you up with a custom property search to help you find the home that fits your needs. Rates are low, and the market has a high inventory of homes available. It's a great time to buy your next home! Contact us today at 770-888-9269 or info@VanderhoffRealEstate.com to get started.