Loan applications surged to the highest level in over five years in the latest week, mostly due to lower rates.

By
Mortgage and Lending with GITER DONE MTG

I saw the rates as low as 4.5% @ .5 points cost last week for 1 hour. If you don't position yourself with a fully approved package, you will get passed by and end up locking a higher rate. Buy the time borrowers decide to apply for lower rates the market bumps up to 5% or higher. The smart money is completing loan packages. Complete my application and lets get approved. We can wait till the market is perfect before we lock.

Call Dana Sorenson 775 331 3001   http://www.milestonemtg.com/dsorenson

 

 

Comments (2)

Trey Affolter
Keller Williams Realty - Tacoma, WA
Brings HOME Results!

- interest rates sure makes it more appealing for home buyers & owners considering refinancing and should motivate them. In the article Time to Get Off the Fence and Into a Home, the same message comes in an atricle from NYTimes.com offered by Your Money. Another source with this message was from Smart Money, Time to refinance -- or buy a home? 

Happy Holidays!

Trey Affolter

http://www.treysellshouses.com

Dec 26, 2008 04:33 PM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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