Here's a quick look at the Bellingham Real Estate Market Report for September 2017 for residential home sales.The number of residential sales for the month was 69 that is 58 less than September 2016
Mortgage Rates Dip Below 4 Percent
On October 23, 2014, the 30-year fixed mortgage rates was 3.92%, reaching a new low for the year. Today the rate is at 3.99 %. Last year at this time,, the 30-year fixed rate mortgage was about 4.19%. The 15-year fixed rate mortgage is 3.16% compared to a year ago's rate of 3.24% percent.
Compare that to the end 1980 when national mortgage rates for 30-year fixed loans averaged at a whopping 14.79%. Even as recent as the year 2000, a 30-year fixed rate mortgage was at a high of 8.52%!
What that means for you is lower monthly payments and affordable home prices.
Michael was born and raised in Brooklyn NY. He graduated from Brooklyn College with a degree in Mathematics. His first job out of college was as an engineer tracking satellites. His last career before....