Rates take a dip on tepid news….

Rates on 30-year fixed-rate mortgages did drop to  around  4.41 percent for the week ending today lower than the 4.51 percent a week ago indicating signs of a weakening economic recovery. 

The average rate on 15-year fixed-rate mortgages fell  to 3.45 %  compared to 3.56 %  last week, all the while the average on the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) dropped  from 3.15 percent to 3.1 percent and the one-year Treasury-indexed ARM seemed to hold steady .

Frank Nothaft, Freddie Mac’s vice president and chief economist, in a statement felt that  the lower rates were due to  the lower than expected  74,000 jobs added to the economy in December, which was “less than the market consensus forecast,” and also added  that retail sales rose just 0.2 percent in December, which was only  half of November’s 0.4 percent increase. 


Share and Enjoy

Posted In: EHR News

About The Author

Joseph Sabeh Jr.

Please let me introduce myself, I am Joseph Sabeh, Jr a full time licensed professional realtor. I have been with Executive Homes Realty for over 13 years and was trained by my late father and Broker, Joseph Sabeh. I recently incorporated the company and we moved the office to 43513 Mission Blvd just last summer. I could not have found a more honorable place to work. After earning my experience selling high end Ralph Lauren suits and studying business management in southern California, I decided to pursue my dream of selling real estate and working with my father. He had already had such an excellent reputation and established a niche market of high end clientele that catered to the very best. I wanted to become the consummate professional just like him and have strived to become just that being just a phone call or email away from getting back to my client’s immediate needs! Known by my clients for my tenacity, perseverance , and excellence in negotia- tion(Certified Negotiation Expert), I have always strived to meet my clients high demands and goals. As a result of my professionalism, I have achieved an extensive portfolio of referrals from past and present clients. I credit my current values from my upbringing of my parents and the credit is due to them without question. Their integrity, pride, and willingness to sacrifice for the better of my life and my sister’s always left a mark on me that one day I will pass on. Their desire to achieve a better life and live it to the fullest is one that some families dream of and I certainly am appreciative of all of the education and etiquette I have learned from them both. I have sold condos up to 3.2 million dollar homes and I am here for any and all of your future real estate needs and wishing you the very best experience in your future real estate endeavors with me.

No Comments

No comments yet.

Leave a comment

RSS feed for comments on this post. TrackBack URL