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Rates Are Still Well Below Historical Average PDF Print E-mail
In Freddie Mac's results of its Primary Mortgage Market Survey the 30-year fixed-rate mortgage (FRM) averaged 5.68% for the week ending Dec. 27, 2007, up from the previous week when it averaged 5.48%. Last year at this time, the 30-year FRM averaged 6.34 %. reinforcing the Fed's resolution to thwart a recession, the Federal Open Market Committee announced another cut in the target federal funds rate by half of a percentage point. This came after the Fed's rate cut of 3/4 of a percentage point the previous week, and the shaping-up of a fiscal stimulus package by Congress and the White House.

Mortgage Rates table
Source: Realty Times
U.S. averages as of January 31, 2008:
30 yr. fixed:   5.68%
15 yr. fixed:   5.17%
1 yr. adj:        5.05%
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Hello! I'm Ernie Egret , advertising manager, property evaluator, water tester and head fishing expert for Wateree Realty. Looking for a property? Tell me what your requirements are and I will keep an eye out for you!

Whether you are looking to buy or sell on Lake Wateree, we believe the best decision you can make is to contact us!  For our sellers, we advertise around the lake, in local publications, and of course on the internet. We always promote our listed properties to potential buyers and work with them to make the sale possible. For our buyers, we provide attentive, personalized service and are always available on your schedule!

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Moving Day Checklist

MovingWhether you're moving in or moving out, there's no doubt that moving itself can be a complex process. Below are 10 questions to ask before the big day arrives.

Check Your Homeowner's Coverage

Whether your policy is paid through the escrow (trust) account maintained by your lender or paid directly by you, it's a good idea to review your coverage. Some central questions include:

How Long Should You Keep Tax Records?

Many tax advisers say that you should keep tax records at least three years after filing. But some advisers have a more cautious view, and suggest that you should simply keep your records forever.


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