September 30 Mortgage Rate Update

Mortgage applications fell slightly last week. This followed a 12.8% gain from the previous week.

The 30 year rate in Los Angeles County is at 4.625% (4 5/8 %) With rates at this level purchases become very attractive, and current homeowners who have not refinanced may want to take advantage of these great rates. I do expect rates to remain within the 5% range until the end of the year.

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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