Loan Demand Rises in Metamora

By
Real Estate Broker/Owner
https://activerain.com/droplet/4hhW

Loan demand rises 3.6% according to this article in the May issue of RealtorMag, as interest rates drop...

 

Mortgage applications were on the rise this week as interest rates dropped to the lowest level in six months, the Mortgage Bankers metamora miAssociation reported Wednesday in its weekly market survey.

Mortgage applications, reflecting applications for home purchases and refinancing, rose 3.6 percent for the week ending May 9. Broken out, refinance applications increased 7 percent, reaching the highest level since the week ending April 11. Applications for home purchases, viewed as a leading gauge for future home sales, rose less than 1 percent unadjusted from one week earlier. Purchase applications are 12 percent lower than year-ago levels, the MBA reported.

Average interest rates for the 30-year fixed-rate mortgage dropped to 4.39 percent last week, the lowest average rates since November 2013.
source: realtor magazine, daily real estate news, the wall street journal

Donald Horne, Team Success listing 
Associate Broker for Coldwell Banker Shooltz Realty

how we market and sell

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Location:
Michigan Lapeer County Metamora
Tags:
mortgage applications
loan applications
metamora mi
linda sinacola

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
579,070

Donald Horne

Team Success Listing LLC
Lake Orion to Lapeer, Your Local Realtor! Questions?
*
*
*
*
Spam prevention

Additional Information