Find, Buy and Sell Homes Online in Hampton Roads, Virginia - Neptune Blu
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Posts From May 2007

Interest rates....

Hello all!

 Thank you new members for signing up!  We have had tremendous activity on the website and continue to help buyers and sellers with our new concept.  below is some news on interest rates that came out today. Everyone buyers and sellers should be aware of where the rates are as it effects buyer's ability to buy and seller's ability to sell.  

 

30-Year Mortgage Rate Jumps
Freddie Mac reports an increase in the 30-year fixed mortgage rate to 6.37 percent from 6.21 percent over the past week, marking a seven-month high. Experts attribute the jump the second in two weeks to the belief that the Federal Reserve will not slash interest rates in the short term due to concerns about inflation.

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