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joel gurman quicken loans: Record Low New York Mortgage Rates Boost Refinancing Requests
- 10/14/10 07:47 AM
In a telling sign, applications for mortgage refinancing climbed 21 percent last week, while home loan purchase applications fell 8.5 percent according to NYDailyNews.com.
"There are about 18.5 million households that should be in the hunt to refinance," says Mark Zandi, chief economist at Moody's.
This is really no surprise, as mortgage applications continue to jump up as mortgage rates stay at record lows. Really, rates haven't been this low since Eisenhower was president in the 50s!
So is refinancing right for you?
Historic Low New York Mortgage Rates
Evaluate your financial situation and see if refinancing is the right … (0 comments)
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joel gurman quicken loans: New York Home Loans News: Thierry Henry Buys Soho Penthouse
- 09/22/10 04:59 AM
French soccer star Thierry Henry has just bought a penthouse in New York City for
$9 million, reports NYDailyNews.com.
The recently-signed New York Red Bulls star purchased a fancy five-floor, triple-bedroom suite that should help Henry feel right at home in his new city.
The new pad features two steam showers in the master bedroom. Not too shabby, right?
Ok, so most of us can’t afford a $9 million apartment in SoHo. And we’re probably not thinking about making any huge financial investments. Most of us are still cutting back (as we should be). But, there is good news, though!
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In a telling sign, applications for mortgage refinancing climbed 21 percent last week, while home loan purchase applications fell 8.5 percent according to NYDailyNews.com.
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