REAL ESTATE MARKET REPORT
JOY'S ELITE HOMES - COLDWELL BANKER
I hope everyone has had a fantastic Labor Day weekend. Starting today I will only be sending Real Estate Market Reports twice a month rather than weekly. Enjoy!
OPEN HOUSE THIS SATURDAY!!!
Saturday, Sep. 6th, 11am-2pm
1418 Ridge Rd
Nestled in heart of the upscale Peacefield subdivision, you will find this gracious rambler bursting with upgrades and tasteful designer features. This home offers one of the most convenient kitchens you will find in the area including custom cabinetry with a built-in china display area, a decorative exhaust hood, granite counters, hardwood flooring, double ovens, and a center island designed for large scale entertaining.
Sq. Ft: 4,398
URBAN LIVING MORE POPULAR THAN EVER!
30-Year Fixed-Rate Mortgage Hits Year's Low
- 30-year fixed-rate mortgage (FRM) averaged 4.10 percent with an average 0.5 point for the week ending August 21, 2014, down from last week when it averaged 4.12 percent. A year ago at this time, the 30-year FRM averaged 4.58 percent.
- 15-year FRM this week averaged 3.23 percent with an average 0.6 point, down from last week when it averaged 3.24 percent. A year ago at this time, the 15-year FRM averaged 3.60 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.95 percent this week with an average 0.5 point, down from last week when it averaged 2.97 percent. A year ago, the 5-year ARM averaged 3.21 percent.
- 1-year Treasury-indexed ARM averaged 2.38 percent this week with an average 0.5 point, up from last week when it averaged 2.36 percent. At this time last year, the 1-year ARM averaged 2.67 percent.