The beloved architectural style known as Craftsman has undeniably British roots, yet it’s unmistakably American, from Oregon to Alabama to Illinois. Might that explain its enduring appeal?
Mortgage rates start May at all-time lows
Realty Times reports that fixed mortgage rates hit all-time lows across the board this week, as indicated by Freddie Mac’s Primary Mortgage Market Survey.
Mortgage rates, fixed-rate, adjustable-rate, record lows, Freddie Mac, PMMS
Realty Times reports that fixed mortgage rates hit all-time lows across the board this week, as indicated by Freddie Mac’s Primary Mortgage Market Survey. For the week of May 3, the rate for a 30-year fixed-rate mortgage averaged 3.84 percent, a .87 percent decrease from 2011. Meanwhile, 15-year FRM rates dropped almost as much, declining .82 percent year-over-year to settle at 3.07 percent.
Treasury-indexed adjustable rate mortgages also reached record lows in the first week of May. Five-year hybrid ARMs averaged 2.85 percent for the week, a .62 percent year-over-year decrease. The rate on one-year ARMs fell .44 percent from the same period in 2011, averaging 2.70 percent for the week.
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