June 13, 2019 at 9:01am | Bob Myers
The volume of mortgage applications surged by 27% last week, the biggest weekly rise in more than four years, according to a survey released Wednesday by the Mortgage Bankers Association.

Rates for 30-year fixed mortgages fell below 4% in recent weeks for their first time since 2017, and were most recently at 3.82%, according to a weekly average maintained by the government mortgage giant Freddie Mac .

Refinances were up 47% from the previous week, according to the Mortgage Bankers Association. Purchase applications were up 10% over the span, and many expect a continued boost in home sales as a result.

Have you been on the fence about buying a new home? Now may be the perfect time!

Please consider The Myers Team your resource for all things real estate.  We have over 30 years of real estate experience, specializing in the Montgomery County area.  If you are refinancing, want a recommendation, need a service provider or just have a home related question, please give me a call at  301-910-9910 or email me at bobmyersteam@gmail.com.  
Share

check_circle

You message has been sent!

Send us a Message


View our Privacy Policy