Although the United States economy is booming, the housing market has been taking a hard hit as of late. The HPSI has been declining; as Fannie Mae reported even further decline in October. This is the lowest the Fannie Mae Home Purchase Sentiment Index (HPSI) has been in 4 months.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 5.05% (0.00%)
• 15-year (FRM) rates at 4.53% (0.00%)
• FHA 30-year Fixed rates at 4.57% (0.00%)
• Jumbo 30-year Fixed rates at 4.58% (+0.01%)
• 5/1 ARM rates at 4.67% (+0.02%)
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RBS Citizens
Clifton Park, NY