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Mortgage rates inch up
Fixed-rate mortgages climbed this week after signs of stronger consumer spending, Freddie Mac reports in its weekly mortgage market survey.
Here are the national averages for mortgage rates for the week ending May 16:
30-year fixed-rate mortgages averaged 3.51 percent, with an average 0.7 point, increasing from last week's 3.42 percent average. A year ago at this time, 30-year rates averaged 3.79 percent.
15-year fixed-rate mortgages averaged 2.69 percent, with an average 0.7 point, rising from last week's 2.61 percent average. Last year at this time, 15-year rates averaged 3.04 percent.
5-year adjustable-rate mortgages averaged 2.62 percent, with an average 0.5 point, rising from last week's 2.58 percent average. Last year at this time, 5-year ARMs averaged 2.83 percent.
1-year ARMs averaged 2.55 percent, with an average 0.4 point, rising from last week's 2.53 percent average. A year ago at this time, 1-year ARMs averaged 2.78 percent.
Here are the national averages for mortgage rates for the week ending May 16:
30-year fixed-rate mortgages averaged 3.51 percent, with an average 0.7 point, increasing from last week's 3.42 percent average. A year ago at this time, 30-year rates averaged 3.79 percent.
15-year fixed-rate mortgages averaged 2.69 percent, with an average 0.7 point, rising from last week's 2.61 percent average. Last year at this time, 15-year rates averaged 3.04 percent.
5-year adjustable-rate mortgages averaged 2.62 percent, with an average 0.5 point, rising from last week's 2.58 percent average. Last year at this time, 5-year ARMs averaged 2.83 percent.
1-year ARMs averaged 2.55 percent, with an average 0.4 point, rising from last week's 2.53 percent average. A year ago at this time, 1-year ARMs averaged 2.78 percent.
Last Updated on Friday, 17 May 2013 07:14
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Challenges remain for commercial real estate
Even as the stock market rises and jobs return, commercial real estate in the United States faces a range of challenges, said National Association of Realtors' chief economist Lawrence Yun and several participants in the Commercial Economic Issues and Trends Forum Thursday afternoon at the 2013 Midyear Legislative Meetings and Trade Expo in Washington, D.C.
Garden revival
By Melinda Myers
Spring floods, summer droughts and temperature extremes take their toll on gardens and the gardeners who tend them. Help your gardens recover from the crazy temperature and moisture extremes that seem to occur each year.
Spring floods, summer droughts and temperature extremes take their toll on gardens and the gardeners who tend them. Help your gardens recover from the crazy temperature and moisture extremes that seem to occur each year.
Home of the Week: Warm and welcoming
CONWAY — This Stark Road contemporary is anything but stark.The natural cedar sided two-story home is welcoming and warm from the first glance. As you pull into the circular driveway and walk up the vintage brick pavers toward the special keyless entry front door and into the foyer, the ambiance will bring a smile to your face right away.
Jason Robie: The face rings a bell
By Jason Robie
If you have ever had the experience of returning to an old "stomping ground" after a significant time away, you can appreciate the experience I had this past week. After spending considerable time away from where I used to call "home," I returned for a visit. While I'm content and excited about my new location, the familiar surroundings and faces that met me on this last visit were a very welcome sight. While new friends, new clients, new scenery and even new mountains are exciting and filled with new potential adventures, it is always nice to come "home."
If you have ever had the experience of returning to an old "stomping ground" after a significant time away, you can appreciate the experience I had this past week. After spending considerable time away from where I used to call "home," I returned for a visit. While I'm content and excited about my new location, the familiar surroundings and faces that met me on this last visit were a very welcome sight. While new friends, new clients, new scenery and even new mountains are exciting and filled with new potential adventures, it is always nice to come "home."
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