For week ended February 13, 2009

MBA Mortgage Applications Index: increased by 45.7% compare to prior week to 875.3.

The Purchase Index: increased by 9.1% compare to prior week to 257.3, purchase activity is still 28% below its level a year ago.

The Refinance Index: increased by 64.3% to 4,472.9. Refinance activities now accounts for 75% of all mortgage activities.

30-year fixed rate fell by 20 bps to 4.99%

15-year fixed rates dropped by 34 bps to 4.66%

1-year Treasury ARMs dropped by 12 bps to 6.10%

If you need real estate advice, feel free to contact me or visit www.westsidehomefinder.com. If you are interested in seeing if now could be a good time to refinanance your home, or get pre-qualified for a loan to purchase a property, don't hesitate to contact me or visit www.realpromortgage.com.

Source: Mortgage Bankers Association