Angela May's Omaha Nebraska Real Estate Blog: Lowest Mortgage Interest Rates Since 2005

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Angela May's Omaha and Offutt AFB Real Estate Update Blog




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Saturday, January 19, 2008

Lowest Mortgage Interest Rates Since 2005

2008 starts out with a "boom" in the housing market! The lowest interest rates on 30 year mortgages since 2005 is great news for all buyers considering a move this year. If more buyers surface, that's good news for sellers too - once the supply and demand are more in-sync (rather than much more inventory than buyers), the market should begin to stabilize.

Long-term mortgage rates remain in a downward pattern, registering the third consecutive week of decline.

According to Freddie Mac's numbers, average interest on 30-year fixed loans settled the week at 5.69 percent—the lowest level since July 2005. Other rate declines include:

15-year fixed mortgages slipped to 5.21 percent from 5.43 percent a week ago.
5-year adjustable-rate average retreated to 5.4 percent from 5.63 percent.
1-year ARMs fell to 5.26 percent from 5.37 percent..

Observers generally agree that borrowing costs will remain at or near 6 percent for 2008 unless a U.S. recession surfaces—in which case they expect rates to decline further.

Source: Baltimore Sun (01/18/08)

# posted by Angela May @ 8:15 PM


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About Angela May's Omaha and Offutt AFB, NE Real Estate Website: The www.huskerhomefinder.com web site provides Omaha, Papillion, Ralston, Lavista, Bellevue, Dundee, Millard, Elkhorn, Gretna, Council Bluffs, Carter Lake and Offutt Air Force Base, Nebraska real estate information and resources to guide homeowners, homebuyers and real estate investors through the process of selling and buying a house, condo or other realty property in the Omaha and Offutt AFB area. Angela May (Sometimes spelled as Angel May, Angel Mae, Angela Mae, Angie May, Angie Mae, Angle May, Angle Mae, Angla May, Angla Mae, Angie May, Angie Mae, Angi Mae, or Angi May) has services to help you get the best value for your Omaha and Offutt AFB home and this website offers home buyers and home sellers a superior comparative market analysis (CMA), a way to view real estate and MLS IDX listings including virtual tours, prepare your home for sale, and more. Investors looking for real estate investment properties to invest in need look no farther. Anyone selling a home, buying a home or seeking housing can learn more about our realty services, and will appreciate working with a  Omaha and Offutt AFB REALTOR who knows  the area so well. Through trusted partners, we also provide real estate and financial services to consumers looking for houses for sale or selling their home in Omaha and Offutt AFB, NE, such as mortgages, credit history, new homes, foreclosures and other services. If you've already tried to go the for sale by owner (FSBO) route and find you are needing a partner who you can trust in the sale of your most precious asset, Angela May can take care of your special needs. It really doesn't matter if you spell it REALTOR, Realator or Realter, realty, realety or reality, real estate or realestate, Angela speaks  your language.
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