find out what Your home is worth!

Rates Are Reaching an All Time Low – Again!

 brought to you by Chrissy Neumann

Woodstock
105 Santa Anita Trail

$250,000

• This home is truly a “better than new” home
• The gorgeous hardwood foyer invites you into the first level
• Pristine white kitchen with center island, pantry and tons of cabinet space
• Kitchen opens to the cozy family room with stacked stone fireplace
• Deck extends from the back of the home, overlooking a fenced in yard
• Separate Living Room and Dining room –great for entertaining
• Four bedrooms and two full baths upstairs
• Full daylight basement waiting to be finished out!
• View the property at www.castlesbychrissy.com

****If you know a friend, family member, or coworker who would like their home featured
as the "Tuesday Tour" email the details to chrissy@castlesbychrissy.com****

Tuesday’s Tip

Rates Continue to Drop!

Long-term mortgage rates fell for the fifth consecutive week, according to Freddie Mac's weekly mortgage survey.

Freddie Mac reported that the 30-year fixed-rate mortgage averaged 5.63 percent, for the week ended today, down from last week when it averaged 5.66 percent. The average for the 15-year fixed-rate mortgage this week is 5.14 percent, unchanged from last week. Points on both the 30- and 15-year averaged 0.7.

Five-Year Treasury-indexed hybrid adjustable-rate mortgages averaged 5 percent this week, with an average 0.6 points, down slightly from 5.02 last week. There is no annual historical information for last year since Freddie Mac began tracking this mortgage rate at the start of this year.

One-year Treasury-indexed adjustable-rate mortgages averaged 4.23 percent this week, with an average 0.7 point, up from last week when they averaged 4.18 percent.

"Not surprisingly, the one-year ARM rose on the expectation that the Fed would raise rates once again when they met last week," said Frank Nothaft, Freddie Mac vice president and chief economist. "We will probably see the ARM rise a little more over the next few weeks in anticipation of further rate increases by the Fed, while the long-term fixed rates remain fairly flat.

"Mortgages rates remain historically low, which helps to maintain a robust housing industry. Looking forward, we continue to expect rates will not rise very much this year, and that the economy will grow at a sustainable pace, and this should translates into a continued good atmosphere for housing.

The following is a sampling of Bankrate's average 30-year-mortgage interest rates this week in some U.S. metropolitan areas.

New York – 5.73 percent with 0.13 point

Los Angeles – 5.72 percent with 0.49 point

Chicago – 5.74 percent with 0.13 point

San Francisco – 5.68 percent with 0.25 point

Philadelphia – 5.56 percent with 0.29 point

Detroit – 5.66 percent with 0.25 point

Boston – 5.7 percent with no points

Houston – 5.65 percent with 0.62 point

Dallas – 5.68 percent with 0.44 point

Washington, D.C. – 5.55 percent with 0.59 point

FOR ADDITIONAL INFORMATION ON THE PROPERTY LISTED ABOVE OR THE TIP PROVIDED
PLEASE FEEL FREE TO EMAIL CHRISSY@CASTLESBYCHRISSY.COM OR CALL ME AT 404.925.5335

Chrissy Neumann "Making You Feel At Home" www.CastlesByChrissy.com
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