Southern California Mortgage Rates Fall Again- Refinance Activity Spikes

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Services for Real Estate Pros with JB Brookman Photography

According to the Mortgage Bankers Association, applications to purchase or refinance a home spiked by 12.8 percent this week.

Refinances are accounting for almost 2/3 of all mortgage activity (64%). 

Mortgage rates have been steadily falling since June of 2009 and are now under 5 percent again.  The MBA reports that the average interest rate for a 30-year, fixed rate mortgage fell to 4.97% from 5.08% the week before.

 

 

JB Brookman

Refinance Expert

Senior Home Loan Consultant

310.502.9877

Mortgages and Refinancing:  Westlake Village and Calabasas to Malibu.

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Topic:
Lending / Financial
Groups:
Active Rain Newbies
Realtors®
LA Connection
Tags:
los angeles
beverly hills
malibu
culver city
calabasas
low rates
westlake village
mortgage
refinance
jb brookman
castle homes and estates

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