Great News for Home Sellers – Mortgage Rates Again at All-Time Lows

Mortgage loan costs

Mortgage rates again at an all-time low point has created fantastic opportunity for home and property sellers – to get their best possible price in years.

From Freddie Mac’s weekly survey (as of November 22, 2012), we see new all-time record lows on 30-year and 15-year fixed-rate home loans.

The average 30-year fixed rate dropped to 3.31 percent and 0.7 point from last week’s 3.34 percent and 0.7 point.

The 15-year fixed was down to 2.63 percent and 0.7 point, down from last week’s 2.65 percent.

The five-year ARM remained the same from last week at 2.74 percent and 0.6 point.

Assuming a well-qualified borrower received the average 30-year conforming fixed rate on $417,000, the savings would be $157 on his new monthly payment of $1,828 as compared with one year ago, when rates averaged 3.98 percent.

The 15-year mortgage monthly payment of $2,806 would be a savings of $134 per month as compared with last year’s rate of 3.0 percent.


Home and property sellers should understand positive news and that the current home selling market has lots of qualified buyers and mortgage rates at all-time lows.

Tips for home sellers

Orange County CA home sellers now have their best price opportunity in years.


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About Harrison K. Long

Honored as "REALTOR® of the Year 2016" by the Orange County Associations of REALTORs®. Professional real estate representative, Realtor, GRI, Broker associate, Evergreen Realty HomeSmart, Irvine and Orange County, CA - CALBRE 01410855 - Helping property owners, estate trustees, executors, administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties. California Association of Realtors (now serving on its board of directors); National Association of Realtors. Attorney member of the California State Bar Association #69137 - Contact by cell or text at 949-701-2515.
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