West Coast Real Estate

Freddie Mac says in its January U.S. Economic and Housing Market Outlook that house-price gains will likely moderate from last year’s pace but rise about 5% in national indexes.

Freddie Mac reports that the average rate for a 30-yr fixed mortgage when paying 0.7 in points/fees is 4.39%. Note this is the national average, not specific to any county or state, call to get your specific rates.

Freddie Mac reports that the average 30-yr fixed mortgage rate was 4.41% this week, down from 4.51% last. To obtain that rate, a borrower would have to pay 0.7 in points and fees.

Freddie Mac reports that the 30-yr fixed rate is at 4.53%. To obtain that rate, a borrower would have to pay 0.7 in points/fees. Most economist feel that rates will trend into the low 5% range by 3rd quarter 2014, slowly inching up as Tapering continues.