What a glorious, if cold, week it’s been! The sky has been so blue and the sun so bright it was amazing.
The hummingbirds were busy at our house this icy week, too. I lost count at 13 and that was just the back yard!
 |
 |
 |
Here is an update 2009 chart showing the National Average Mortgage Rates for the previous 46 years, Courtesy of The Kilkenny-Valenta Lending Group at Pinnacle Mortgage Planning. Coupled with the great prices at the beach and the extended home-buyer credit (remember, it’s not just for FIRST TIME BUYERS!) you might want to think about that beach property!
Here’s a quick snapshot at Mortgage Rates Today:
30 Year Fixed Conventional: 4.75%
15 Year Fixed Conventional: 4.25%
5 Year ARM Conventional: 3.875% (yes, still that low!)
5 Year Interest Only Conventional: 4.00% ($300,000 loan; payment is $1,000 for 5 years. Not for everyone, but maybe for the right situation)
30 Year Fixed FHA: 4.875%
30 Year Fixed VA: 5.250%
USDA (Rural, $0 Down) 30 Year Fixed: 5.25%
Jumbo (>$417,000) 30 Year Fixed: 5.75%
Jumbo (>$417,000) 5 Year ARM: 4.00% (amazing rates on Jumbo ARM’s)
 |
Here’s a shot of some geese sitting on a strip of ice at Black Lake in Ilwaco this morning. Funny how there were just a few frozen spots! |
That’s all the news for today. Things get crazy this time of year so take some time for yourself. Come to the beach, look at property with us, have a nice meal, enjoy the coast. Remember, at Discovery Coast Real Estate, we’re looking out for you!
