Follow @Hallmark Abstract Service
Mortgage rates for residential property typically do not fluctuate wildly on a day-to-day basis but, as the charts and graphs below show, over time they most certainly can!
Over the past 52-weeks mortgage rates have moved in a range of over 100 basis points, or 1%, in all categories other than the ARM which has had a range of close to 50 basis points or one-half of one percentage point.
Going forward more volatility can certainly be expected in conjunction with US economic performance and any interest rate decisions that are made by the Federal Reserve.
From Mortgage News Daily these were the reported rates as of April 7, 2014.
___________________________________________________________________
Please send your comments, questions, thoughts and ideas for new content to orders@hallmarkabstractllc.com!
Get new Hallmark Abstract Service articles directly into your in-box by clicking the Follow Tab in the bottom right-hand corner of any of our website pages!
Attorney’s and mortgage professional who have any questions about HAS or the way in which we conduct our business please contact HAS President Michael Haltman by phone at 516.741.4723 or by email at mhaltman@hallmarkabstractllc.com
For buyers of Residential or Commercial Real Estate in New York City or Long Island or for anyone refinancing and existing mortgage learn how you can potentially save hundreds of dollars in closing costs with Hallmark Abstract Service! Click here to learn more.
Content created by Michael Haltman
Google+