I’m David Beadle. Here’s what’s happening from RateAlertNow.com.
Mortgage rates declined sharply again on Friday, continuing to come back down from much higher levels.
The national-average 30-year fixed-rate mortgage is at four and seven-eighths percent with three-quarters of a point, down three-quarters of a point from Thursday,
for a savings of $750
on a $100,000 loan
and $2250
on a $300,000 loan
The national-average 15-year fixed-rate mortgage is at four and a quarter percent with five-eighths of a point, down five-eighths of a point from Thursday,
for a savings of $625
on a $100,000 loan
and $1875
on a $300,000 loan
In order for you to understand *why*
you need to subscribe
to my Real-Time
rate alerts via
e-mail and/or
mobile text-messaging,
it’s as easy as watching
my new animated YouTube
video entitled
“Mortgage Rates Explained.”
You can find it
as the “top-center” video
on my home page at
RateAlertNow.com.
The cost of my Real-Time Service
is less than
a dollar-a-day
and you can sign up
for only $4.99
for one week
at a time.
On Wednesday
of this coming week,
we will see
November Existing
Home Sales.
A mild improvement
is expected in the
annualized pace.
That’s what’s happening.
I’m David Beadle.
If you want to “avoid” being caught “by surprise”
the next time “rates rise,”
visit RateAlertNow.com.
