2013-2016 Century 21 Centurion Award Winner
                                   2014-2016 Century 21 President's Award Producer
                                   2009-2016 Century 21 Quality Service Award
 C. Scott and Lorna Johnston


   If you have not spent a lifetime in Aberdeen, choose the REALTOR that has!

Buyer Resources - Articles

Buyer 

Resources

Buying a home can be complicated, but here are some valuable resource articles that may be helpful for you as you are going through the home buying process. These articles cover the basics from understanding how real estate agents assist with the process, analyzing your budget and financial status, dealing with inspections, making an offer for that home and preparing for the paperwork process that goes along with this life changing financial decision. For assistance or quick answers to your real estate questions, give a call to (605) 380-7714 or Contact us!

Century 21 Investment Realtors

C. Scott and Lorna Johnston

1409 6th Ave SESuite #1AberdeenSD57401
Cell:(605) 380-7714
Business:(605) 380-7714
Fax:(605) 225-6652

Rates Haven’t Been This Low Since 2013

The 30-year fixed-rate mortgage took another dip this week, staying below the 4 percent threshold and keeping borrowing costs at the lowest rate in more than a year. It marks the fifth consecutive week that mortgage rates decreased.

Freddie Mac reports the following national averages with mortgage rates for the week ending Oct. 23:

  • 30-year fixed-rate mortgages: averaged 3.92 percent, with an average 0.5 point, reaching a new low for the year and dropping from last week’s 3.97 percent. Last year at this time, 30-year rates averaged 4.13 percent.
  • 15-year fixed-rate mortgages: averaged 3.08 percent, with an average 0.5 point, dropping from last week’s 3.18 percent average. A year ago, 15-year rates averaged 3.24 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.91 percent, with an average 0.5 point, dropping from last week’s 2.92 percent average. Last year at this time, 5-year ARMs averaged 3 percent.
  • 1-year ARMs: averaged 2.41 percent, with an average 0.4 point, rising from last week’s 2.38 percent average. A year ago, 1-year ARMs averaged 2.60 percent.
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