Mortgage rates for Birmingham, Alabama
go down to 4.27%
Friday, March 24, 2017
Mortgage rates for Birmingham, Alabama on Lender411 for 30-year fixed-rate mortgages are at 4.27%.
That dropped from 4.33% to 4.27%.
The 15-year fixed rates are now at 3.38%. The 5/1 ARM mortgage for Birmingham, Alabama is now at 3.42%.
Birmingham Market Trends
Birmingham is a suburban city in Alabama. It is located in the heart of the southeastern United States. Some of the things Birmingham is known for are: medical research, banking, music, technology, and higher education. The city of Birmingham has an aura of style, class, and southern charm.
For quarter ending December 13:
The average price/sqft was $91, an increase of 15.2% compared to last year. The median sales price for homes for September 13 to December 13 was $166,500 based on 508 home sales. Compared to one year ago, the median home sales price increased 11.1%, or $16,600, and the number of home sales decreased 22.2%.
Popular communities in Birmingham include Five Points South and Highland Park, with average home listing prices of $169,642 and $254,154.
Lender411.com will help you find the best mortgage interest rates by putting you in touch with a qualified Birmingham mortgage lender who can find you the right loan.