October 9 Market Report Update
As expected, mortgage applications made an impressive jump last week, up 16.4%, as mortgage rates continue to drop.
Both refinances and purchase applications were up indicating that consumers are interested in readjusting their payments as well as buying homes. While applications are at their highest level since May 2009, and this is very good news, the question remains, what percentage of these applications will be accepted?
Need more information? Call Joe Elizondo of Northeast Financial at 323-256-7833 or email Joe at neast-financial @ sbcglobal.net.
October 10, 2009 | Filed Under Mortgage Rates | Need more information? Call Joe Elizondo of Northeast Financial at 323-256-7833 or email Joe at neast-financial @ sbcglobal.net
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