Spring Into Action To Sell Your Home!

This week’s news released in the Freddie Mac U.S. Economic and Housing Market Outlook showed Spring as the perfect time to sell your home! Citing the combination of low mortgage rates, heightened consumer confidence and higher home prices, Freddie Mac created a video (click HERE to see it!) detailing the March 2013 U.S. Economic and Housing Market Outlook.





  • Anticipation of a 8-10% Increase in 2013 Home Sales.
  • Home Affordability at Highest Level in Decades.


This week also marks a trend in the 30-year fixed mortgage rate, with it having remained below 4% for an entire year. Currently the 30 year fixed rate is 3.54% with .8 point and the 15 year fixed is 2.72 with a .7 point. The 5 year ARM remained steady at 2.61 % with .6 point and the 1 year ARM was down slightly to 2.63 with a .4 point.

According to Freddie Mac Vice President and Chief Economist, Frank Nothaft, “History shows us not all economic recoveries are created equal and consumer confidence mirrors this fact. With the spring homebuying season upon us, the recent highs in the stock market are a welcome signal of better times ahead. But it will be the gradually declining unemployment rate and steadily improving housing market that will deliver broad-based economic benefits for Americans and, in turn, support the overall recovery.”

Contact The Mike McCann Team to discuss more! Or to learn more, visit FreddieMac.com.


Moving? Know the value of your home …