Check out this Bloomberg article!
NOW IS THE TIME TO BUY OR REFINANCE!!
U.S. mortgage rates dropped, with 30-year loans reaching a record low for a fourth straight week, amid signs of improvement in the housing market.
The average rate for a 30-year fixed mortgage fell to 3.56 percent in the week ended today, the lowest in Freddie Mac records dating to 1971, from 3.62 percent. The average 15-year rate dropped to 2.86 percent, also a record, from 2.89 percent, the McLean, Virginia-based mortgage-finance company said today in a statement.
Rising home sales and a slowing decline in prices has relieved some strains on the U.S. housing market. The number of homes with loans for more than the properties are worth fell in the first quarter to 11.4 million, or almost 24 percent of all homes with a mortgage, from 12.1 million, or more than 25 percent, in the fourth quarter of last year, according to a report today by data provider CoreLogic Inc. (CLGX)
“We do have a little bit of a firmer housing market,” Keith Gumbinger, a vice president of HSH.com, a mortgage- information website based in Pompton Plains, New Jersey, said yesterday in a telephone interview. “I don’t think anyone would call it wonderful, but it has improved, or stabilized, over the last few months.”
Contracts to buy previously owned homes rose 5.9 percent last month, matching a two-year high reached in March, the National Association of Realtors reported June 27. Purchases of new U.S. houses rose in May to a two-year high, the Commerce Department said June 25.
Home-loan applications declined in the period ended July 6 for a fourth straight week, according to the Mortgage Bankers Association. A measure of refinancing dropped 3.4 percent from the prior week, while the purchase gauge climbed 3.3 percent, the Washington-based group said yesterday.
To contact the reporter on this story: Noah Rayman in New York at nrayman@bloomberg.net
To contact the editor responsible for this story: Kara Wetzel at kwetzel@bloomberg.net
For more information about refinancing or the economy,
please email or call me!!
Bill Nickerson NMLS #4194
978-399-1313 Bill@billnickerson.com
The Mortgage Markets 
Fantastic beat ! I would like to apprentice while you amend your web site, how could i subscribe for a blog site? The account helped me a acceptable deal. I had been a little bit acquainted of this your broadcast provided bright clear idea
LikeLike
I really like looking through an article that can make people think.
Also, thanks for allowing me to comment!
LikeLike
Just desire to say your article is as amazing.
The clearness in your publish is simply great and that i can assume you
are an expert in this subject. Fine with your permission
let me to grasp your RSS feed to stay updated with impending post.
Thanks 1,000,000 and please continue the rewarding work.
LikeLike
Hi, Neat post. There’s an issue together with your web site in web
explorer, may check this? IE still is the marketplace leader and a huge element of other people will miss your excellent writing
because of this problem.
LikeLike
Wow! At last I got a blog from where I be capable of really get useful facts regarding my study and knowledge.
LikeLike
whoah this weblog is excellent i like studying
your posts. Stay up the good work! You recognize, lots of individuals are searching around for this info, you could help them greatly.
LikeLike
Hello there, just became alert to your blog through Google, and found that it is really informative.
I’m going to watch out for brussels. I’ll appreciate if you
continue this in future. Many people will be benefited from your writing.
Cheers!
LikeLiked by 1 person