Clearwater Real Estate

Clearwater Fl – Just a quick update on

rates. Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.06 percent with an average 0.7 point for the week ending April 29, 2010, down slightly from last week when it averaged 5.07 percent. Last year at this time, the 30-year FRM averaged 4.78 percent.

"Mortgage rates on 30-year fixed loans have averaged about 5 percent over the first four months of this year, staying within a band of roughly a quarter percentage point and virtually matching 2009’s annual average…These low rates have been helping to moderate house price declines over the course of the year." said Frank Nothaft, Freddie Mac vice president and chief economist.

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Call Jack @ 727710.8036 or Cyndee @ 727.710.8035

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