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Summer 2011 mortgage trends
Handing over house keys
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5 housing trends in summer 2011

Mortgage Trends » 5 housing trends in summer 2011

Housing and mortgage trends
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Housing and mortgage trends

Low mortgage rates and the bargains to be found in the vast inventory of distressed homes for sale are making this a buyer's market. In many areas it has become cheaper to own than to rent. Yet many potential buyers stand on the sidelines, scared off by difficulties in getting approved for mortgages and fearful of a double-dip in housing prices. One bright spot for buyers and those wanting to refinance is that jumbo loans are becoming easier to get.

Here are some of the housing and mortgage trends you should expect to see for summer 2011.


 

 

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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.77% 3.60%
15 yr fixed mtg
2.88% 2.74%
5/1 ARM
2.66% 2.54%
30 yr fixed mtg refi
3.76% 3.58%
View rates in your area:
 

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Another indicator of an improving housing market: Realtor income is up.
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