WES KUNKLE, GRI
Owner/Broker


KUNKLE REALTY
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South Florida


Friday February 6, 2004

Yesterday Freddie Mac released the new weekly mortgage rate averages.

SUMMARY OF SURVEY RESULTS

Fixed-Rate Mortgages
  Average Conventional 30-Year Commitment Rate Fees & Points Average Conventional 15-Year Commitment Rate Fees & Points
US

5.72

5.71

5.72

5.78

5.71

5.69

0.6

0.6

0.7

0.5

0.6

0.7

5.03

4.97

5.06

5.06

5.07

5.04

0.6

0.6

0.7

0.4

0.6

0.7

Northeast
Southeast
N. Central
Southwest
West

Wednesday, February 4, 2004

According to the National Association of Realtors, existing-home sales were up from 5,566,000 in 2002 to 6,100,000 in 2003; an increase of 9.6%. Interest rates in December 2003 were at a national average of 5.88% for a 30 year fixed conventional mortgage; down from the national average a year ago at the same time of 6.05%, according to Freddie Mac. With 2004 being an election year and rates so far holding steady in the mortgage market, this year appears to be another strong year for real estate sales here in South Florida.

Wes Kunkle 


KUNKLE REALTY
Real Estate and Mortgage Consulting
Office:(239) 596-3545 Fax:(239) 596-4558


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