Low Interest Rates Prompt High Number of Mortgage Applications
This marks two weeks in a row that mortgage applications have risen significantly due in large part to the government's actions and efforts to help strengthen the housing market. We have always been fairly stable in the Triangle area for a variety of reasons. Nevertheless, this is great news and provides a further indication that it is a great time to buy!
Mortgage rates continued to decline:
- 30-year fixed-rate mortgages decreased to 4.63 percent from 4.89 percent.
- 15-year fixed-rate mortgages decreased to 4.48 percent from 4.52 percent.
- 1-year ARMs increased to 6.22 percent.
Source: Mortgage Bankers Association (03/25/2009)
Call us at (919) 314-7797 or visit our website at www.SearchRaleighRealEstate.com for more information.
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Marc Iafrate , MBA
Coldwell Banker HPW Broker, Trusted Advisor
(919) 314-7797
www.SearchRaleighRealEstate.com
We hope you enjoy this blog as much as we enjoy bringing it to you. We welcome your comments. If you are planning on buying or selling a home in the Raleigh area, we have you covered. We have all the resources and knowledge to make your real estate transaction worry free!
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