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Mortgage Applications on the Increase in the Wake of Low Interest Rates.

Refinancing due to the lower interest rates is why the Albuquerque Metro area is seeing an increase in mortgage applications. With rates at around 5.25%, refinancing can make sense for homeowners who will bring their current rate down by a point or more, lower their monthly payments and plan on staying in their home for a couple of more years. Preview the link below and read the article by Richard Metcalf with the Albuquerque Journal for more details… http://www.abqjournal.com/biz/2810414biz12-28-08.htm Search for Albuquerque homes for sale at our WelcomeHomeABQ.com website

Posted by Tracy Venturi - Albuquerque Real Estate on 01/03/2009 09:10 AM

Comments (2)

This post has been included in New Mexico Information Bernalillo County, NM Information Albuquerque, NM Information

2 Comments on Mortgage Applications on the Increase in the Wake of Low Interest Rates.

JAN

- interest rates sure makes it more appealing for home buyers & owners considering refinancing and should motivate them. In the article Time to Get Off the Fence and Into a Home, the same message comes in an atricle from NYTimes.com offered by Your Money. Another source with this message was from Smart Money, Time to refinance -- or buy a home? Good information to pass on to our buyers.

Best wishes for 2009!

Trey Affolter

http://www.treysellshouses.com

JAN

Good Post. Our Real Estate division actualy worked 3 sale on New Years day. So people are coming out of the bunker so to speak. Happy 2009.

Terry miller

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