1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution
See Team Madison Area Real Estate Logo

Where Are Mortgage Rates Headed?


 
PRLog - Aug. 29, 2014 - MADISON, Wis. -- RIS Media, Mortgage Rates Hold Steady; 30-Year Averaging 4.12 Percent, by E. Scott Reckard, August 4, 2014
Mortgage rates are moving fast in one direction this summer — sideways. Freddie Mac's weekly survey, out Thursday, July 31, showed the average rate for a 30-year fixed-rate home loan was 4.12 percent, practically unchanged from the week before when it was 4.13 percent. At that rate, a borrower with a $300,000 mortgage would have to pay $1,454 a month in principal and interest. In the month before the latest surveys, Freddie reported the following averages for the 30-year loan, the most widely used home-financing option: 4.13 percent, 4.15 percent, 4.12 percent and 4.14 percent. It hit 4.2 percent once in June, but has not been above that level since May.

Where are the rates headed next? The yield on the 10-year Treasury note is a common proxy. It shot higher on Wednesday, July 30, right after Freddie Mac wrapped up the week's survey, in reaction to a report that the economy expanded 4 percent in the second quarter.

The See Team is the premiere real estate team in the greater Madison and Middleton Wisconsin area. We have over 60 years of combined experience in real estate, and we know the towns where you want to buy a new home or sell your home: Madison, Middleton, Verona, Sun Prairie, Waunakee, Fitchburg, Spring Green, Oregon, or any other place in South Central Wisconsin.

If you're relocating to the Madison - Middleton Wisconsin area, we'll tell you about our neighborhoods, schools and best places to live. We've lived here all our lives and raise our families here - we'll share with you all we know and make looking for your new home in Dane county a pleasure.

If you're looking for the perfect house, home, condo, town home or land for sale in the Madison / Middleton real estate area, we're your team. We also help clients locate commercial property to rent or own.

SEE the difference.

http://www.seemadisonrealty.com

Relocating to Madison - Middleton, Dane County:

http://www.seemadisonrealty.com/aboutmadison.html

Media Contact
608-828-5105
***@gmail.com

--- End ---

Click to Share

Contact Email:
***@gmail.com Email Verified
Source:Fainting Goat-Madison's Website design company
Location:Madison - Wisconsin - United States
Industry:Real Estate
Tags:home buying, Mortgage, interest rates, southern Wisconsin homes, reators
Shortcut:prlog.org/12365393
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share