• 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

30-Year Fixed Rate Mortgage Rates Fall To 3.62% Nationwide

30-year fixed rate mortgage rates30-year fixed rate mortgage rates made new, all-time lows once again this week.

According to Freddie Mac’s weekly mortgage rate survey of more than 125 banks nationwide, the average 30-year fixed rate mortgage rate fell 4 basis point to 3.62% nationwide.

The rate is available to conforming, prime borrowers willing to pay an accompanying 0.8 discount points plus a full set of closing costs. A “prime” mortgage applicant typically has excellent credit, verifiable income, and at least 25% equity in their home.

And, it’s not just the 30-year fixed rate mortgage that made new lows in this holiday-shortened week, either. The 15-year fixed rate mortgage did, too, falling 5 basis points to 2.89%, on average.

The 15-year fixed rate mortgage requires 0.7 discount points plus closing costs.

Discount points are a one-time, up-front closing cost, based on loan size. If your loan requires 1 discount point, that means that your loan has a closing cost equal to 1 percent of your loan size. If your loan requires two discount points, the fee would be equal to two percent of your loan size; and so on.

So, based on this week’s Freddie Mac survey, a home buyer in Sedona opening a $200,000 mortgage and paying 0.8 discount points would face to a one-time $1,600 fee to be paid at closing.

The good news is that discount points are optional. 

To avoid paying discount points, simply ask your lender for a “zero points” loan. You’ll get a higher mortgage rate than what Freddie Mac shows in its survey, but you’ll pay fewer closing costs.

Today’s low rates are terrific for both home buyers throughout AZ and existing homeowners looking to make a refinance. As compared last year at this time, mortgage rates are down by 98 basis points — nearly one full percentage point.

Mortgage payments are much lower today as compared to July 2011 : 

  • July 2011 : $512.64 principal + interest per $100,000 borrowed
  • July 2012 : $455.77 principal + interest per $100,000 borrowed

Today’s rates yield an 11 percent payment discount as compared to last year.

Mortgage rates are unpredictable so there’s no guarantee that low rates will last forever, much less through the summer. If today’s rates meet your household budget, consider locking something in.

Posted in: Mortgage Rates Tagged: Discount Points, Freddie Mac, PMMS

Leave a Reply Cancel reply

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

Post navigation

« Mortgage Rate Risk Ahead Of Friday Morning’s Jobs Report
Top 10 U.S. Cities For Public Parks »

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