Mortgage Rates at Lowest Level in Six Weeks

May 6, 2010

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.00 percent with an average 0.7 point for the week ending May 6, 2010, down from last week when it averaged 5.06 percent. Last year at this time, the 30-year FRM averaged 4.84 percent.

Click for full article: http://www.freddiemac.com/pmms/release.html?week=18&year=2010&display=release

© 2010 Freddie Mac

Selling your Home

It is important to understand the buyers market today. It will help you know who might be a good fit for your home and ensure that you highlight the most vital features. They are potentially looking at all the homes in your area and you want to be sure you stand out.

Some types of Buyers:
-single first-time
-working couple
-family
-retirees
-empty nesters
-professional single women

Taking a closer look at these groups wants and needs can help identify what’s important to each. Knowing your buyers market gives you an advantage—you can highlight the features of your home that are most likely exactly what those buyers want and understand what a buyer may be comparing your home to in your neighborhood and area.