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Mortgage rates remain relatively stable

February 8, 2011 - Buyers looking to accelerate their moving plans and lock in low interest rates enjoyed a stable week for mortgage rates.

Freddie Mac reported mortgage rates across most loan types remained little changed during the week ending February 3. The average interest rate on 30-year fixed-rate mortgages climbed to 4.81 percent from 4.8 percent the week before, while 15-year fixed-rate loans dropped to 4.08 percent from 4.09 percent the previous week. Meanwhile, five-year adjustable-rate mortgages declined slightly to 3.69 percent from 3.7 percent, while one-year ARMs were unchanged at 3.26 percent.

"Mortgage rates held relatively stable this week on news that the economy improved and inflation remained in check at the end of 2010," explained Frank Nothaft, the group's vice president and chief economist, who added that recent economic growth and improving consumer spending could spur increased relocation activity.

Low rates add to the market's affordability, which is already at a record level, according to data from the National Association of Realtors. The trade group's affordability index was at its most favorable level since they began tracking the data in 1971.
 

 

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Relocation.com
In the Press

A Moving Company's Moving Story
June, 2012

Relocation.com's survey was recently featured on the front page of USA Today. The headline entitled "Moving in Hard Times" highlighted our results that moving and relocating behaviors were only moderately influenced by the economy.

USAToday

Our lifestyle survey found that Americans are seeking smaller homes and a suburban lifestyle. These riveting results were recently featured on USAToday.com in an article entitled "American dream shrinks as smaller homes gain favor."

"This user-friendly site includes a blog and a subscription-only newsletter, too"

The Washington Post

"Relocation.com provides you with all the tools you need to get quotes quickly from movers in your area."

CNet

The Business Week

CommercialAppeal.com


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