Rates Back to 1951 Levels

Mortgage Graph

Historical Mortgage Graph

Mortgage rates are at new lows for a third consecutive week as investor demand for mortgage-backed securities that fund most home loans continues to be more than adequate to satisfy demand for mortgages.

Rates for 30-year fixed-rate mortgages averaged 4.19 percent with an average 0.8 point for the week ending Oct. 14, down from 4.27 percent last week and 4.92 percent a year ago, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.

That’s a new low in Freddie Mac’s records, which date back to 1971. Rates haven’t been lower since April 1951, according to another set of data based on FHA rates that goes back to 1948.

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About LA Real Estate Info

As a native to Los Angeles, Aaron has been buying and selling homes in the Los Angeles area since 1992. With extensive real estate experience, representing first time home buyers to high profile clientele in entertainment and related businesses he is a third generation resident, his knowledge includes a vast history of sales throughout the Los Angeles area. Some of his real estate areas of expertise are the Sunset Strip, Beverly Hills, Hollywood Hills, Bel Air, Brentwood, West Hollywood, Encino, Sherman Oaks and Studio City. He believes in representing all clients with utmost care, respect and attention to detail is a priority. I have the knowledge and experience to get my clients the most amount of money for their homes in any type of market. I came to Rodeo Realty after having become a Top Producer for Coldwell Banker and one of the top 50 agents in the entire Northwest Region. Prior to real estate, I had been a successful entertainment executive. I oversaw the development of programming, implementation of technologies and negotiation of strategic partnerships for eHobbies.com. I also served as producer of the independent feature film “Love, From Ground Zero”, and was a development and production executive for feature film companies based at Paramount, Disney and 20thCentury Fox. This gives me aunique background for employing a variety of creative marketing strategies to insure a timely and successful close to eachtransaction. I believe the trust that is passed on to me by my clients must be continually earned. It is this commitment to my clients and their needs, which is the cornerstone of my business and philosophy. Together with exceptional communication skills and comprehensive knowledge of the business, I am able to successfully navigate all aspects of the real estate business for my clients in any market condition. So when you decide that you'd like to buy or sell a home in the Beverly Hills, Bel Air, Brentwood, West Hollywood, Encino, Sherman Oaks, Studio City, Hollywood Hills areas, please contact me.
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