Mortgage Apps Up as rates are Down

Historically low interest rates are compelling both current homeowners and future ones to lock these rates while they can.The Mortgage Bankers Association, which measures the volume of mortgage loan applications reported that the "home loan volume soared 23.1% from the previous week", reaching it's highest level in months. Interest rates dropped again last week, settling around 4% for a 30 year fixed loan! This is fantastic news for both home shoppers that can lock a historic low rate and increase their purchasing power, and current homeowners that can refinance and save on their monthly payments.

Are you considering making a home purchase this year? Or refinancing?

Do you have questions about the currently mortgage industry? I have a great team of lenders that I can refer you to. They can answer any of your questions and quote you the most current rates. Just let me know and I will send you the contact info of the most qualified and capable lenders I know.