July 16, 2009

Mortgage Applications Up -- Rates Likely to Follow

Mortgage Bankers Association Says Applications to Refinance Rose Over 17% Last Week

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The dip in mortgage interest rates over the last few weeks brought out some of those stragglers who had not yet refinanced. Applications to refinance were up over 17% according to the Mortgage Bankers Association, as reported on MarketWatch.com.

When lenders are overloaded with applications, they tend to raise rates. This news, along with a strong performance in the stock market this week, is likely to mean the end of the dip we've had in home loan rates over the last few weeks.

Keep your eye on the rates and your hand on the phone to your mortgage broker if you are under contract to buy a home and haven't locked the rate.

If you want to buy a Flagstaff home, contact us: (928) 714-0001. Team Heitland at RE/MAX Peak Properties.


	Refinance Applications Hit the Roof
	Homeowners rush to take advantage of the loan home loan rates of the last few weeks
	http://www.marketwatch.com/story/refinance-applications-up-177-last-week-mba

Topic Tags: home loan rates, home purchase, mortgage applications, Remax in Flagstaff

by Ann Heitland
Contact Us \| Email to a Friend \| www.bestflagstaffhomes.com \| 928.714.0001 what is this?

by Ann Heitland

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