St Louis Real Estate – Mortgage Rates Hold Steady In the Country’s 8th most affordable city

Paramount Mortgage Company - St Louis

Low foreclosures, stable home prices and affordability make eighth-ranked St. Louis a good bet for home buyers, according to a report released by Forbes.com last Friday.
 
Forbes gathered data from the National Association of Home Builders and Wells Fargo’s Housing Opportunity Index (HOI). The index measures median home prices against median incomes.
 
Additional data overlays included Moody’s one-year forecast for the Case-Shiller Home Price Index of home prices and RealtyTrac’s 2009 foreclosure report. Rankings from all of these data sources were considered in determining the overall score.
 
The top ten best housing metro areas:
Pittsburgh, PA
Louisville – Jefferson County, KY – IN
Houston – Sugar Land – Baytown, TX
Minneapolis – St. Paul, Bloomington, MN – WI
Indianapolis – Carmel, IN
Columbus, OH (Tie for 6th)
Memphis, TN – MS – AR (Tie for 6th)
St. Louis, MO – IL
Dallas – Ft. Worth, TX
Austin – Round Rock, TX

St. Louis families in the market for a house are shopping at the right time. Homes are near the most affordable they’ve been in 18 years.
 
At a national level in the fourth quarter of 2009, housing was 62.4% more affordable than the same time a year earlier, according to the HOI which is published quarterly.
 
The Midwestern cities of St. Louis, Indianapolis and Minneapolis made the list even though their housing price forecasts are essentially flat, but “housing in these places is eminently affordable” according to Forbes reporter Francesca Levy.
 
Just under 85 percent of all families in St. Louis who make the median income have access to affordable, decent housing.

“The recession has weighed down home prices, but mortgage rates are still at historic lows, giving families a chance to get in on the ground floor,” states Levy.

St. Louis Mortgage Rates – March 3 , 2010 *

  • 30-year fixed-rate mortgage 5.00% no points
  • 15-year fixed-rate mortgage 4.25% no points
  • 5/1 adjustable rate mortgage 3.75% no points
  • 3/1 adjustable rate mortgage 3.750% no points
  • FHA/VA 30-year fixed rate mortgage 5.250%
  • Jumbo 5/1 ARM 4.125% no points

For more information or if you have questions on mortgage rates in St. Louis you may contact me by phone at my direct line, (314) 372-4319, email at rfishel@paramountmortgage.com or you can visit our company website at http://www.paramountmortgage.com.


*Note- The above rates are based upon a typical sale price of $187,500 with a 20% percent down payment leaving a loan amount of $150,000 to a borrower with a 720 credit score for a loan with no discount points charged. Rates and terms will vary depending upon loan amount, home value, credit and income of borrower.

This information is provided by this author and this site for informative purposes only and is not warranted or guarteed in any way.

Print Friendly, PDF & Email

38 comments to St Louis Real Estate – Mortgage Rates Hold Steady In the Country’s 8th most affordable city

  • … [Trackback]

    […] Information on that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • Hello. Great job. I did not expect this. This is a excellent story. Thanks!

  • … [Trackback]

    […] Read More Info here on that Topic: stlouisrealestatenews.com/interest-rates-financing/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • … [Trackback]

    […] Find More Information here on that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • … [Trackback]

    […] There you can find 10058 additional Information to that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • … [Trackback]

    […] Read More on on that Topic: stlouisrealestatenews.com/interest-rates-financing/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • … [Trackback]

    […] Find More Information here to that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • … [Trackback]

    […] Read More Info here on that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • … [Trackback]

    […] Here you can find 435 more Information on that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • Some genuinely nice and useful info on this web site, too I conceive the style has got excellent features.

  • … [Trackback]

    […] Read More here to that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • Have you ever thought about creating an e-book or guest authoring on other websites? I have a blog based on the same topics you discuss and would really like to have you share some stories/information. I know my visitors would value your work. If you’re even remotely interested, feel free to send me an email.

  • … [Trackback]

    […] Read More Info here on that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • … [Trackback]

    […] Read More Information here to that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • naturally like your web site however you have to test the spelling on several of your posts. Many of them are rife with spelling problems and I in finding it very bothersome to tell the truth nevertheless I?¦ll surely come back again.

  • The subsequent time I learn a weblog, I hope that it doesnt disappoint me as a lot as this one. I mean, I do know it was my option to learn, however I actually thought youd have one thing fascinating to say. All I hear is a bunch of whining about something that you could fix if you werent too busy searching for attention.

  • After study a number of of the weblog posts in your website now, and I truly like your means of blogging. I bookmarked it to my bookmark website list and shall be checking again soon. Pls check out my site as effectively and let me know what you think.

  • … [Trackback]

    […] Read More Info here on that Topic: stlouisrealestatenews.com/interest-rates-financing/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • I’m curious to find out what blog system you’re utilizing? I’m experiencing some minor security problems with my latest site and I’d like to find something more safe. Do you have any suggestions?

  • Just what I was searching for, thankyou for putting up.

  • certainly like your web-site but you need to check the spelling on quite a few of your posts. A number of them are rife with spelling problems and I find it very troublesome to tell the truth nevertheless I will certainly come back again.

  • Hmm it seems like your site ate my first comment (it was super long) so I guess I’ll just sum it up what I had written and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog writer but I’m still new to everything. Do you have any recommendations for beginner blog writers? I’d certainly appreciate it.

  • Thank you for sharing with us, I believe this website genuinely stands out : D.

  • … [Trackback]

    […] Info to that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • … [Trackback]

    […] Information on that Topic: stlouisrealestatenews.com/interest-rates-financing/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • … [Trackback]

    […] Read More Information here on that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • Good – I should certainly pronounce, impressed with your web site. I had no trouble navigating through all the tabs and related information ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, website theme . a tones way for your customer to communicate. Nice task..

  • Hey there! I know this is kinda off topic but I was wondering if you knew where I could find a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having problems finding one? Thanks a lot!

  • I simply want to say I’m beginner to blogging and site-building and definitely savored your web blog. Probably I’m planning to bookmark your site . You really come with exceptional stories. Cheers for sharing your web-site.

  • … [Trackback]

    […] Find More to that Topic: stlouisrealestatenews.com/interest-rates-financing/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • … [Trackback]

    […] Find More on on that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • … [Trackback]

    […] Find More here on that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • … [Trackback]

    […] Read More here on that Topic: stlouisrealestatenews.com/interest-rates-financing/financing/st-louis-real-estate-mortgage-rates-hold-steady-in-the-countrys-8th-most-affordable-city/ […]

  • I will immediately grab your rss feed as I can’t find your email subscription link or e-newsletter service. Do you’ve any? Please let me know so that I could subscribe. Thanks.

  • Have you ever considered publishing an ebook or guest authoring on other websites? I have a blog based on the same ideas you discuss and would really like to have you share some stories/information. I know my visitors would enjoy your work. If you are even remotely interested, feel free to send me an email.

  • Good info. Lucky me I reach on your website by accident, I bookmarked it.

  • Good day very nice site!! Guy .. Beautiful .. Amazing .. I will bookmark your web site and take the feeds also…I am glad to find so many useful info here within the put up, we need work out extra strategies on this regard, thank you for sharing. . . . . .

  • What i don’t understood is actually how you’re not really much more well-liked than you may be right now. You are so intelligent. You realize therefore significantly relating to this subject, produced me personally consider it from so many varied angles. Its like women and men aren’t fascinated unless it is one thing to accomplish with Lady gaga! Your own stuffs outstanding. Always maintain it up!

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>