Mortgage Rates Drop to Record Lows

Rates on 30-year mortgages fell this week to the lowest level on record after the Federal Reserve launched a new effort to assist the staggering U.S. housing market.Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 4.85 percent this week, from 4.98 percent last week. It was the lowest in the history of Freddie Mac’s survey, which dates back to 1971 and was down a full percentage point from a year ago.The previous record low of 4.96 percent was set in the week of Jan. 15. Rates fell after the Fed last week said it will pump $1.2 trillion into the economy in an effort to lower rates on mortgages and loosen credit.Rates on 30-year mortgages traditionally track yields on long-term government debt.Though the yield on the benchmark 10-year Treasury note initially plunged by about 0.5 percentage points after the Fed’s move, lenders did not pass the entire drop on to borrowers. Bond yields rose after worries about what some saw as lackluster demand at a government debt auction Wednesday.

Team Hayslett Closes On Another Clearwater Property

Team Hayslett closes on yet another Clearwater property yesterday. Located on Ecuadorian Way, within the On Top Of The World Community, this two bedroom, two bath unit sold for $62,500.

Need to sell your Home, Condo, or Land? Consider using the Haylett Team to market your property aggressively and efficiently. Let the Hayslett Team assist you in navigating safely and quickly through this distressed real estate market.

Already have your Property listed with us? The Hayslett Team thanks you for the opportunity to list and market your Property on your behalf. We thank you for your patience as we work together in connecting Buyers to your property. With the Hayslett Team's diversified, aggressive, and real-time internet marketing presence, homes that list with Team Hayslett get sold. Currently we have 17 closings scheduled. Thank You Valued Hayslett Team Client-Sellers For Your Listing With Us!

Contact the Hayslett Team today for a free consultation for you or a friend/family member. You can call us direct at 727.443.6700. Visit us online at HayslettTeam.com.