The run for below-four-percent 30-year mortgage rates was short-lived. After a history-making drop to 3.94 percent last week, Freddie Mac has recorded an 18 basis point jump in the average interest rate on a conventional fixed-rate mortgage with a 30-year term. The GSE says the 30-year fixed-rate mortgage averaged 4.12 percent (0.8 point) for the week ending October 13, coming off last week's record low in which the 30-year rate dipped below the 4 percent mark for the first time ever. The 30-year rate is not too far off of levels since last year at this time, when it was averaging 4.19 percent.
Blog :: 10-2011
Beautifully restored farmhouse on 11.47 Acres with breathtaking views of Lake Champlain and the Adirondacks. Original woodwork throughout and a
combination of Birch, Maple, Spruce and Pine floors all like new. Large Master bedroom with full bath, sitting/exercise room and huge walk in closet.
$2,450,000 1046 Ethan Allen Highway, Charlotte, VT 05445
House now sits on a new foundation after being moved and has been built to accommodate additional finished space in the walkout lower level. Full walk-up attic also allows for further development. The kitchen boasts granite counter tops and custom cabinetry along with the old Hoosier style cabinet and large walk in pantry. 15x25 Mahogany deck overlooks the pond and a backdrop of Lake and mountain views. The 40x120 foot barn has been substantially renovated and sits on a brand new foundation. CLA for details on uses and approvals. Barn siding on east & west sides will be replaced!
The rate on the 30-year fixed mortgage fell to 3.94%, the lowest rate ever. This marks the first time the average rate has fallen below 4%. The average rate on a 15-year fixed loan also dropped to a record low of 3.26%. If you're considering purchasing a home, visit Century 21 Mortgage for quick pre-approval to see how much home you can afford, then visit Century 21 Associates to search for properties that meet you needs.