• Welcome

    Contact Ryan to begin searching for your dream home today!

    Whether you are buying or selling, Ryan is dedicated to providing a smooth real estate experience.

  • Ryan Halset, ABR reviews
  • Blog Stats

    • 28,761 hits

Seattle Area Mortgage Rate Update: January 3rd, 2011

Average mortgage rates increased again last week, with the average rate on conforming 30-year fixed mortgages rising to 5.02 percent. In December, the average 30-year fixed mortgage rate hit 5 percent for the first time since May 2010. On Nov. 3, mortgage rates were at a record low of 4.42 percent.

Historically, the last time mortgage rates were above 6.0% was in November of 2008. The average rate at that time was 6.33%. A $200,000 loan would have carried a monthly payment of roughly $1,241.86. At today’s 5 percent, the monthly payment for a $200,000 loan would be $1,073.64, a difference of $168 per month for a homeowner.

Average Rates from Bankrate.com:
30 Year Fixed: 5.02% (4.96% last week)
15 Year Fixed: 4.39% (4.29% last week)
5 Year ARM: 4.0% (3.92% last week)

Bankrate’s national weekly mortgage survey is conducted each week from data provided by the top 10 banks and thrifts in the top 10 markets.

For help purchasing your next home, or selling the one you’re in…give me a call at (425) 483-1010 or email at Ryan@BoardwalkSeattle.com!

Ryan Halset
Real Estate Broker | Realtor ®
Boardwalk Real Estate, LLC
Phone: (206) 930-7959 | Email: Ryan@BoardwalkSeattle.com

Providing professional real estate services throughout the Greater Seattle area.
North Seattle | Bothell | Lake Forest Park | Edmonds | Mill Creek

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: