Mortgage rates fall to 5.22%

Mortgage rates in the U.S. fell for the first time in three weeks, boosting the potential for further stabilization in the housing market. The average 30-year rate dropped to 5.22% from 5.25%, mortgage buyer Freddie Mac reported. The 15-year rate averaged 4.63% for the week ending today. Lower rates may increase demand for homes in the fourth year of the housing recession. New and existing-home sales rose in June as falling prices and a government tax credit lured buyers.

Source: Bloomberg.com

Signup for our Newsletter

Neil D. Lyon CRB, CRS, GRI Cell: 505.660.8600 Direct: 505.954.5505

Sotheby's International Realty 326 Grant Avenue Santa Fe, NM 87501

Design by Santa Fe Web Design


Visit Sotheby's International Realty®

This web site is not the official web site of Sotheby's International Realty, Inc. Sotheby's International Realty, Inc. does not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this web site. Equal Housing Opportunity.