As Mortgage Rates Fall, Applications Rise
By Cyndi Nelson, ABR, CRS, SRES, GREEN
(The Cyndi Nelson Team at MVP Realty Group)
Thurston county residents will be happy to hear that home buyers are coming alive again. As mortgage rates fall, applications rise. The last few weeks have seen a significant increase in the number of applications for new home buyers, as well as those who are refinancing their current mortgages. Applications showed an increase of 7.6 percent from present weeks according to the Mortgage Banker Association. Those looking to refinance represented more than 79.4 percent of all applicants, the highest since April 2009. While applications to refinance rose 8.6 percent, new home applications were up 3.4 percent, and government purchase applications were up 8 percent. Mortgage rates in the Olympia area continue to fall as they follow the falling trend of falling U.S. Treasury bonds. The ...
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