Mortgage Rates Relax After Largest One Week Increase in 10 Months

February 7, 2013 by · Leave a Comment
Filed under: Americas, Finance, Real Estate 

NEW YORK, Feb. 7, 2013 /PRNewswire/ —¬†Following the largest weekly increase in 10 months, the average 30-year fixed mortgage rate edged down by one basis point over the past week to 3.76 percent, according to Bankrate.com’s (NYSE: RATE) weekly national survey. This week, the average 30-year fixed mortgage has an average of 0.32 discount and origination points.

To see mortgage rates in your area, go to http://www.bankrate.com/funnel/mortgages/

The average 15-year fixed mortgage rate also fell slightly, from 3.03 percent to 3.00 percent. The average jumbo 30-year fixed mortgage rate was unchanged (4.17 percent), as was the 3-year ARM (3.04 percent). The 5-year ARM fell slightly (from 2.78 percent to 2.76 percent), while the 7-year ARM rose slightly (from 2.96 percent to 2.98 percent).

Mortgage rates ticked lower after the Federal Reserve indicated plans to maintain the pace of bond-buying efforts and another report of steady job growth. With the fiscal cliff averted, the debt ceiling debate delayed, and even overtures of postponing the significant federal spending cuts known as the sequester, any immediate risk of the wheels coming off the economy seems remote. As a result, bond yields and mortgage rates are more or less holding steady, awaiting a catalyst for the next big move. Mortgage rates are closely related to yields on long-term government bonds. Read more

Free Real Estate Training From The Real Estate Arena

January 19, 2009 by · Leave a Comment
Filed under: Business, Real Estate 

Atlanta, GA ( Newstron ) Jan 19, 2009 — The Real Estate Arena (TREA), which has helped hundreds of people with real estate training, has now made its training program free to anyone looking to learn real estate investing.

This real estate training site offers a wealth of information like real estate agreements, and real estate toolkit for listing properties and profiting from real estate investing. Read more

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