Denver Mortgage Rate Update 7-13-2009
July 13, 2009 by Bob Schenkenberger · Leave a Comment
Mortgage rates have improved since last week.
30 year fixed…5.16%
15 year fixed…4.61%
A rally last week in the mortgage bond market sent rates down to near all time lows. This gives everyone a chance to get close to the bottom of the market for both purchases and refinance.
We don’t expect these rates to last through the end of the year, so if you have been sitting on the fence waiting for rates to drop lower, we recommend you jump in now!
More good news, according to the Mortgage Bankers Association, mortgage application were up 7.2% from the previous year. It is becoming clear, more people are starting to enter the market.
Bob has been an active REALTOR for Over 20 years. During this time, he has closed over 500 transactions, and has been the broker of record for 1000's more. Bob can be reached via email (bob@gethomedenver.com) or phone (303.770.1180.)
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