Some Great News!
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January 2, 2009, 2:06 am
Filed under: Real Estate | Tags: Altadena Homes For Sale, Altadena Real Estate, Altadena Real Estate Sales, Altadena residential sales data, Architectural Properties, Pasadena Homes For Sale, Pasadena Real Estate, www.Haussler.com
Filed under: Real Estate | Tags: Altadena Homes For Sale, Altadena Real Estate, Altadena Real Estate Sales, Altadena residential sales data, Architectural Properties, Pasadena Homes For Sale, Pasadena Real Estate, www.Haussler.com
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.
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