Freddie Mac just released results of its Primary Mortgage survey. It shows mortgage rates remained historically low over the past two weeks, keeping housing very affordable. Nationwide, 30-year fixed rate mortgages averaged a little over 5 percent. 15-year fixed-rate mortgages averaged around 4.50 percent.
The Mortgage Bankers Association reports mortgage applications increased 17 percent, led by a 23 percent jump in refinancing request, just in the past week. Nearly three out of five applications were for refinancing current loans.
Buyers seem to be realizing, now is a great opportunity to benefit from the great prices and programs. Families can obtain free information to assist in seeing what may be available for their “Dream of Home Ownership”. Lenders will assist you with in getting loan guidelines, qualification requirements, etc! Realtors, can then research the entire market based on your guidelines.
Get a couple of opinions and evaluate their attitude of assistance. Also, ask about their qualifications and experience. In our area of Placerville / El Dorado County, California like many communities, local professionals will work together to assist.
