Mortage Applications at 14-Month High : Westbrook Estates Real Estate and Community Information

Mortage Applications at 14-Month High

Posted at 8:04 AM, Dec. 15, 2006

Home Loan Applications at a 14-Month High

Mortgage loan applications have reached a 14 month high fueled by historically low interest rates presently at 6.11 percent for a 30-year fixed rate mortgage. In addition, the high inventory rate of homes for sale has resulted in excellent deals for buyers both on brand new and pre-owned homes. If conditions remain positive (good economy, interest rates, and home prices) inventory should normalize over the next several months. It is a great market for buyers and a good market for sellers who realistically price their homes. Pricing, condition of the home and the marketing plan are extremely important at this time to sell a home.

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Mortage Applications at 14-Month High

Posted at 8:04 AM, Dec. 15, 2006

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