Benefiting from the Federal Reserves program to purchase mortgage backed securities, mortgage applications surged last week.  "The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended November 28 soared a record 112.1 percent to 857.7, the highest reading since the week ended March 21 when it reached 965.9."

It's great to see home buyers starting to come off the sidelines and inquire about mortgage rates for purchasing and refinancing.   "Interest rates are at their lowest level since the week ended June 24, 2005, when they reached the same level. Interest rates are sharply below the peak of 6.59 percent reached during the summer, but only slightly below the 2008 low of 5.49 percent in January, according to the trade group."

All Tech Mortgage is a mortgage company that provides consumers with the lowest mortgage rates in Tacoma and surrounding communities.  As one of the premier Washington State mortgage companies, All Tech Mortgage has been originating mortgage loans for over twenty years in the Tacoma - South Puget Sound area.  We are a full service Washington State based licensed mortgage broker.