Thursday, March 10, 2011

What's the Rate?

Same Story/Different Week. Gas pump

Rates holding steady, and even moving a touch lower.  Why?  Middle East turmoil.  $4/gal gas may be right around the corner.  This scares the markets, pushing stocks lower.  The beneficiary of all this:  Mortgage Rates.

In other news, a recent article in Buider Magazine listed Raleigh/Cary as well as Durham in the top 3 'Healthiest Markets for 2011". 

1. Raleigh-Cary, NC    Market Health Indicator: 86.9

See the full article here:  http://www.builderonline.com/local-markets/healthiest-housing-markets-for-2011.aspx?cid=BLDR110303002

Rates as of today:

  • 30 Yr Conventional – 4.75%

  • 30 Yr VA – 4.625%

  • 30 yr FHA – 4.625%

  • 15 Yr Conventional – 4.0%

  • 5/1 ARM – 3.50%

  • USDA (zero down) – 5%


You've all had lots of activity the past few weeks.  If you need me to help complete a contract, just reach out and find me.   I’m here to support your efforts!

-Brad  854-4457

www.bradarendt.com

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