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Home : Blogs : JB Brookman- Photographer & Writer JB Brookman Photography/Hollywood Icon M : JB Brookman- Professional Photographer/Writer Los Angeles Hollywood Icon Magazine

Southern California Mortgage Rates Fall Again- Refinance Activity Spikes

According to the Mortgage Bankers Association, applications to purchase or refinance a home spiked by 12.8 percent this week.

Refinances are accounting for almost 2/3 of all mortgage activity (64%).

Mortgage rates have been steadily falling since June of 2009 and are now under 5 percent again. The MBA reports that the average interest rate for a 30-year, fixed rate mortgage fell to 4.97% from 5.08% the week before.

JB Brookman

Refinance Expert

Senior Home Loan Consultant

310.502.9877

Mortgages and Refinancing: Westlake Village and Calabasas to Malibu.

Posted by JB Brookman- Photographer & Writer JB Brookman Photography/Hollywood Icon M on 09/23/2009 12:51 PM

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Refinancing in the Mortgage / Finance Channel

low rates, refinance, jb brookman, castle homes and estates, mortgage, beverly hills, culver city, los angeles, westlake village, calabasas, malibu

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JB Brookman- Photographer & Writer JB Brookman Photography/Hollywood Icon M

Calabasas, CA

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JB Brookman Photography/Hollywood Icon Magazine

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Southern California Mortgage Rates Fall Again- Refinance Activity Spikes