Mortgage rates have been holding steady for the third week straight, according to recent real estate market data.  This week, thirty-year fixed-rate home loans averaged 4.51 percent with an average 0.8 point, which was up from 4.51 percent with an average 0.7 point from a week previous.  A year ago this same thirty-year fixed-rate mortgages averaged 4.58 percent and fell as low as 4.17 percent in November, as reported by a weekly survey conducted by Freddie Mac.  The rates for 15-year fixed-rate residential mortgages averaged 3.69 percent with an average 0.7 point, which is the same as a week ago.

According to Frank Nothaft, Freddie Mac’s chief economist, the housing market is showing signs of improvements especially in light of a seasonal increase in homebuying over the spring-summer period.

For more information on this or other national mortgage rate statistics, visit freddiemac.com.

And for more information on buying or selling homes in AL’s Gulf Coast contact Barbara Reeves today.

According to a recent report from Moody’s, a national credit ratings firm, Baldwin County AL’s credit rating has improved.    Moody’s announcement indicated that Baldwin County’s creditworthiness had increased from Aa2 to Aa1, which is one score under the agency’s highest rating.  Standard & Poor’s credit rating report for Baldwin County was also notable, being AA+ which is just under their highest rating of AAA.   These credit rating scores dictate how much taxpayers put out to borrow money for large projects and bond issuers can assume a very low risk of Baldwin County defaulting on debts.

For more on this issue visit AL.com.

And for more information on buying or selling real estate in Baldwin County AL, contact Barbara Reeves today.