Non-Member


Wednesday, March 25, 2009

Refinance boom sends mortgage applications higher

Refinance boom sends mortgage applications higher
"...The average rate on a 30-year fixed-rate loan fell to 4.63 percent, the lowest level since the Mortgage Bankers group began records in 1990, from 4.89 percent the prior week. At the current 30-year rate, monthly borrowing costs for each $100,000 of a loan would be about $514, or $69 less than the same week a year earlier, when the rate was 5.74 percent...."
Reference: www.chron.com

No comments:

Post a Comment