Cheapest mortgages
U.S. borrowers can get the cheapest mortgages this year, thanks to worries over European debt. The average rate on a 30-year fixed rate mortgage dipped to 4.84 percent from 4.93 percent a week earlier, Freddie Mac said. It was the lowest level since mid-December, when rates averaged 4.81 percent.
Local real estate show
A new show on real estate started airing last week from 4:30 to 5 p.m. daily on radio station KKOL 1300 AM. The show, hosted by Jack Burns, aims to provide expert opinion on local real estate news. It’s sponsored by the Real Estate Association of Puget Sound, Guild Mortgage, Vestus, Eastside Funding, Invest NOw and Intrust Funding.
Send real estate news to Mike Benbow, Business editor, The Herald, P.O. Box 930, Everett, WA 98206, or to economy@heraldnet.com.
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