Borrowers applying for a 30-year fixed-rate mortgage this week locked in the lowest rate of the year, as it dropped to its lowest average since November 2016, Freddie Mac reports. Additionally, “the 10-year Treasury yield fell 6 basis points this week amid concerns over lagging inflation,” says Freddie Mac chief economist Sean Becketti.
Freddie Mac reported the following national averages with mortgage rates for the week ending Aug. 24:
30-year fixed-rate mortgages:averaged 3.86 percent, with an average 0.5 point, dropping from last week’s 3.89 percent average. Last year at this time, 30-year rates averaged 3.43 percent.
15-year fixed-rate mortgages:averaged 3.16 percent, with an average 0.5 point, the same average as last week. A year ago, 15-year rates averaged 2.74 percent.
5-year hybrid adjustable-rate mortgages:averaged 3.17 percent, with an average 0.5 point, rising from last week’s 3.16 percent average. A year ago, 5-year ARMs averaged 2.75 percent.
Cardinal Realty Group, LLC is dedicated to serving the Central Alabama River Region and surrounding areas in residential sales and property management. Our growth from referrals from satisfied clients is a testament of our dedication to excellence.
Our Cardinal Rule is that we are committed to excellence in customer service and communication.
We will optimize integrity, energy, hard work, and creative customer service in every detail of our client's real estate transactions. We want our clients to know and feel as though they are important to us and we care about them and understand their needs and how to help them. We are honest and have ethical business practices. Our response time to our clients and customers set us apart from others. We are quick to respond to our client's and customer's questions, needs, and concerns.
Not only do we gain happy clients through our transactions, we also gain and build lasting relationships!
WASHINGTON (February 22, 2018) - National Association of Realtors® Pr
"Mrs. Rhonda Douglas is an excellent real estate agent, and extremely knowledgeable and professional. I had an older home and was not having much success in showing it, and finding a buyer. After a careful evaluation, she made suggestions and pointed out areas of improvement, and provided the detail plan for updating and presenting my home. In short period of time there was increased interest, new offers and an eventual sale of my house. Very pleased with the service and expertise that she provided and I would recommend this very motivated agent to anyone who is interested in selling their home."