It's all here! News on the Tucson real estate market, tips and information for your Tucson real estate needs, and my occasional "likes" about Tucson and all the things we love about it. Read on!
Friday, February 24, 2012
Interest Rates Trend Up from Historic Lows: Market and Economy Inprovements Cited
30-year fixed rate mortgages were up this week from their at-or-near record lows of the past three weeks to an average of 3.95%. That is according to the weekly survey of the primary mortgage market by Freddie Mac. The increase was attributed to improvements in the economy and in the housing market. The National Association of Realtors reported that existing home sales were the strongest since May 2010 and the Mortgage Bankers Association reported that the percentage of loans that were seriously delinquent dropped to their lowest quarterly level since the start of 2009.