Altadena Real Estate


Some Great News!
January 2, 2009, 2:06 am
Filed under: Real Estate | Tags: , , , , , , ,

The average interest rate on a 30-year, fixed-rate mortgage dropped to 5.14% last week to a new record low, according to Freddie Mac. A year ago, the rate was 6.17% for a comparable loan. As a result, mortgage applications last week jumped to the highest level in five years, with more than 80% of the applications for refinancings. There also was an 11% increase in applications for home purchase loans.

Bottom line: Low mortgage interest rates + Declining home prices = Excellent home buying opportunities!

So, please feel free to call us if you’d like any lender recommendations — we know some of the best in the business. They can help you to refinance, or to qualify for a new loan.

Advertisements
Leave a Comment

Leave a Comment so far
Leave a comment

RSS feed for comments on this post. TrackBack URI


Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

w
Cancel

Connecting to %s



%d bloggers like this: