Altadena Real Estate


Refi Applications Soar

Now is a wonderful time to think about refinancing your current home mortgage:

Applications for refinance loans jumped 25.6 percent for the week ending Jan. 9 as borrowers sought to take advantage of a continued free-fall in fixed-rate mortgage rates for borrowers with good credit. Applications for purchase loans fell 14.1 percent, and refinance applications accounted for 85.3 percent of all mortgage applications, the Mortgage Bankers Association said in releasing a weekly survey of lenders. Applications for adjustable-rate mortgages accounted for 1.1 percent of activity, up from 0.9 percent the previous week, with ARM loans offering little or no savings over fixed-rate loans.

Freddie Mac, in its weekly survey of mortgage rates, said interest rates last week on 30-year fixed-rate conforming loans fell for the tenth week in a row, to a new low.

We work with several highly skilled and ethical lenders. Please feel free to call or email us if you would like their contact information!

Advertisements

Leave a Comment so far
Leave a comment



Leave a Reply

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

WordPress.com Logo

You are commenting using your WordPress.com 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 )

Google+ photo

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

Connecting to %s



%d bloggers like this: