• Menu

    Realty Executives Northern Arizona

  • News
  • Communities
    • Sedona AZ
      • Back-O-Beyond Ranch Homes Sedona
      • Casa Contenta Homes Sedona AZ
      • Cross Creek Ranch Homes Sedona AZ
      • Foothills South Sedona AZ
      • Les Springs Homes Sedona AZ
      • Seven Canyons Homes Sedona AZ
    • Sedona – Village of Oak Creek
      • Canyon Mesa Country Club homes for sale – Sedona AZ
      • Firecliff Sedona Neighborhoods
      • Highland Estates in Sedona Arizona
      • La Barranca Homes Sedona AZ
      • Pine Valley Subdivision, Sedona AZ 86351 | Pine Valley homes for sale
    • Cottonwood
      • Cottonwood Ranch Subdivision
      • Verde Village Homes for Sale – Cottonwood AZ
    • Cornville – Page Springs
      • Verde Santa Fe – Amante
      • Verde Santa Fe Age Restriced 55+ Communities
    • Camp Verde
    • Clarkdale
      • Mountain Gate Homes for Sale – Clarkdale AZ
    • Rimrock
    • Jerome
  • Buy|Sell
    • Featured Properties
    • Why Use a Certified Residential Specialist? (CRS)
    • Sell Your Home
    • Accredited Buyers Representative (ABR)
  • About Us
    • Client Reviews
  • Contact Us

Sedona Real Estate Sedona HomesSedona Real Estate Sedona Homes

Sedona AZ Real Estate | Sedona Homes For Sale

  • Home
  • Local
    • Neighborhoods
    • Sedona Market Charts
    • Service Vendors | Contractors
    • Building Contacts: Sedona, Yavapai & Coconino County
    • Utilities List
    • Yavapai Property Records
    • Coconino Property Records
  • Search Homes
    • Advanced Search
    • Quick Search
    • Map Search
    • Listing ID
    • Address
    • Featured
    • Email Update Signup
    • My Account
  • Popular
  • Just Sold

Mortgage Rates Drop For The First Time In 4 Weeks

Freddie Mac mortgage rates

After 4 weeks of rising costs, Cottonwood mortgage rates finally recede.

According to Freddie Mac’s weekly Primary Mortgage Market Survey, the average 30-year fixed rate mortgage rate dropped 7 basis points to 3.59% this week. Depending on where you live, however, you may find that your offered mortgage rates varies. Freddie Mac’s “published rate” is a national average based on a survey of more 125 banks.

The rates you receive as an individual vary by bank, and vary by region.  

Mortgage applicants in the North Central Region were most likely to get the lowest rates of all applicants nationwide last week. By contrast, applicants in the Southeast Region were most likely to get the highest rates.

Average mortgage rates in the five U.S. regions, as tracked by Freddie Mac :

  • Northeast Region : 3.59 percent for a 30-year fixed rate mortgage
  • West Region : 3.58 percent for a 30-year fixed rate mortgage
  • Southeast Region : 3.64 percent for a 30-year fixed rate mortgage
  • North Central Region : 3.57 percent for a 30-year fixed rate mortgage
  • Southwest Region : 3.61 percent for a 30-year fixed rate mortgage

Across all 5 regions, mortgage rates were quoted with an accompanying 0.6 discount points, on average, plus a full set of closing costs. 1 discount point is equal to one percent of your loan size. Closing costs vary by county.

One year ago, the 30-year fixed rate mortgage rate averaged 4.22%. Today, it averages 3.59%. This 63 basis point difference yields a $36 monthly savings per $100,000 borrowed. 

On a $250,000 mortgage, that’s $1,080 in savings per year.

If watched mortgage rates rise through August and felt as if you missed the market bottom, consider this week your second chance. The 30-year fixed rate mortgage does remains above its all-time low of 3.49 percent, but this week’s drop in rates in encouraging. It’s the biggest one-week drop in rates in more than 3 months.

Talk to your loan officer about how today’s mortgage rates can work for your budget. 

Posted in: Mortgage Rates Tagged: 30-Year Fixed, Freddie Mac, PMMS

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Post navigation

« Pending Home Sales Index Makes New High For 2012
What’s Ahead For Mortgage Rates This Week : September 4, 2012 »

Susan Deierling Team

Sedona AZ Real Estate BrokerSusan Deierling, CRS, ABR
Assoc. Broker
Sedona AZ
(928) 451-6098 mobile/text/VM
susan@susanandtroy.com

Sedona AZ Real Estate BrokerTroy Deierling, CRS, ABR
Realtor
Sedona AZ
(928) 202-0700 mobile/text/VM troy@susanandtroy.com

Contact Me | About Us

Welcome!

https://vimeo.com/233593512?loop=0

Reviews From Clients

Deierling client reviews

Property Search

Advanced Search Map Search

Explore Cities

  • Sedona
  • Camp Verde
  • Clarkdale
  • Cornville
  • Cottonwood
  • Jerome
  • Lake Montezuma
  • Rimrock

Account Login

Recent News!

  • Don’t Let Closing Costs Surprise You
    November 26, 2018
    A lot of Sedona home buyers believe that saving the down payment is enough to purchase a […]
  • 740 Mountains Shadows, Sedona real estate740 Mountain Shadows Dr, Sedona AZ
    October 28, 2018
    New Sedona Real Estate Sedona home for sale at 740 Mountain Shadows Dr in West Sedona.  Lovely […]
  • Rancho La Paloma Horse Ranch in Cornville
    October 2, 2018
    Got Horses? Cornville horse ranch is for sale.  An extensive facility complete with barns, […]
  • Sedona new construction home for saleNew Sedona Home by Lawler Construction
    September 2, 2018
    110 Painted Pony Drive, Sedona AZ – Artist Rendering Sedona – New Home for Sale […]
  • Day in the life of a Sedona Realtor
    August 19, 2018

Explore Cities

  • Sedona
  • Camp Verde
  • Clarkdale
  • Cornville
  • Cottonwood
  • Jerome
  • Lake Montezuma
  • Rimrock

Sedona Real Estate News

  • Don’t Let Closing Costs Surprise You
    November 26, 2018
    A lot of Sedona home buyers believe that saving the down payment is enough […]
  • 740 Mountains Shadows, Sedona real estate740 Mountain Shadows Dr, Sedona AZ
    October 28, 2018
    New Sedona Real Estate Sedona home for sale at 740 Mountain Shadows Dr in […]
  • Rancho La Paloma Horse Ranch in Cornville
    October 2, 2018
    Got Horses? Cornville horse ranch is for sale.  An extensive facility […]
  • Sedona new construction home for saleNew Sedona Home by Lawler Construction
    September 2, 2018
    110 Painted Pony Drive, Sedona AZ – Artist Rendering Sedona – […]
  • Day in the life of a Sedona Realtor
    August 19, 2018

Featured Properties

740 Mountain Shadows Drive $762,000

740 Mountain Shadows Drive Sedona, Arizona

3 Beds 3 Baths 2,213 Sq Ft 0.300 Acres

295 Mission Rd $600,000

295 Mission Rd Sedona, Arizona

3 Beds 2 Baths 1,985 Sq Ft 0.240 Acres

2700 S Chaparral Drive $549,000

2700 S Chaparral Drive Cornville, Arizona

4 Beds 3 Baths 2,440 Sq Ft 7.780 Acres

Troy & Susan Deierling
Realty Executives Northern Arizona
1165 W AZ-89A, Sedona, AZ
(928) 451-6098 Susan
(928) 202-0700 Troy

928-451-6098
myteam@susanandtroy.com
© 2019 Deierling & Deierling PLLC | Sedona Homes Sitemap
Disclaimer > Information is subject to change | Licensed in Arizona

Log in
Sedona Real Estate Sitemap | Sedona Property Listings XML Sitemap