Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages rose to 5.29 percent this week, from an average of 4.91 percent a week earlier. It was the highest weekly average in nearly six months
The average rate on a 15-year fixed-rate mortgage rose to 4.79 percent this week from 4.53 percent, according to Freddie Mac
The rates do not include add-on fees known as points. The nationwide fee averaged 0.7 point last week for 30-year and 15-year mortgages, and averaged 0.6 point for five-year and one-year adjustable rate loans.
Qualifying for a loan, however, is still tough. Lenders have tightened their standards dramatically over the past year, so the best rates are available to those with solid credit.
Tampa Bay’s Real Estate Market is rebounding. If you’re considering purchasing a home, it’s doubtful you will find better prices or mortgage rates than we have now. Contact Team Sumberg for assistance finding and buying your new home. info@teamsumberg.com (866) 323-3981