investments: What's Happening With Mortgages? - 09/19/08 08:15 AM
WHAT'S HAPPENING TO THE MORTGAGE MARKETS? (Sept. 18, 2008)
On the positive side, Freddie Mac reported that 30-year fixed rate mortgages fell this week for the 5th consecutive week. According to the Mortgage Bankers Association (MBA), lenders saw a 58 % surge in mortgage applications since August 15th, led by a 122 % surge in re-financing applications. Fixed-rate mortgages are currently the predominant choice (95 % of all new applications) among home buyers. Applications for adjustable rate mortgages (ARMs) have fallen by almost 50 % since the end of last year.
After the government takeover of Freddie and Fannie last week, … (0 comments)

 
Alan L. Donald, Professional Service, Local Expertise, Adv. Tech (The Alan Donald Team at Keller Williams Realty)

Alan L. Donald

Professional Service, Local Expertise, Adv. Tech

Mount Pleasant, SC

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The Alan Donald Team at Keller Williams Realty

Address: Suite 200, 496 Bramson Ct., Mt Pleasant, SC, 29464

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Articles of interest, market updates and relocation information for Charleston SC, including Mount Pleasant, Daniel Island, Isle of Palms, Sullivans Island, Hanahan, Goose Creek, James Island, Kiawah Island, Folly Beach, Johns Island and Summerville.


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