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!

Sunday, December 8, 2013

Economy Improves and Mortgage Rates Climb

Tucson home buyers found that fixed-rate mortgages were up last week after news of an improved job outlook report and a national increase in new home sales.  Freddie Mac reported that 30-year fixed rate mortgages were averaging  4.46% with an average of 0.5 point.  That is more than a full percentage point over the year ago rate of 3.34%.    15-year rates last week average 3.47% with an average of 0.4 point.

But all are still really low by historic standards, but for how long?

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