Leave a comment » Good News for Housing and Mortgages - Parker Colorado HomesMaket update positive news for interest rates.USA Today has a story out about the housing market and mortgage industry. Positive news is always great for home buyers and home sellers. Low rates keep Parker, Colorado homes moving and business stronger. Mortgage demand rises as
30-year rate ducks back below 5% - Mortgage applications rose for the first time in four weeks,
reflecting a jump in demand for home refinancing loans as interest rates on
30-year loans dropped below 5%. The average rate on 30-year fixed-rate
mortgages fell below 5% for the first time in four weeks, according to the
Mortgage Bankers Association. It was 4.97% for the week ended Oct. 30,
down from 5.04% the week before. The MBA said its seasonally adjusted
index of mortgage applications, which includes both purchase and refinance
loans, rose 8.2%. Its refinance index increased 14.5% from the previous
week and its purchase index decreased 1.8%.
http://www.parkercoloradorealestatehomesforsale.com/009FFB
Posted on November 04, 2009 12:12:28 by Steve Beam
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