Sunday, July 22, 2012

Refinance Applications Soar in Latest Week According to LA Mortgage Broker

Refinance Your Los Angeles Mortgage Now at Historic Record Lows.  

According to mortgage refinance information released by the MBA:

“Refinance application volume increased last week to near peak levels for the year as mortgage rates dropped to a new low, driven down by growing concerns about the health of the US economy,” said Mike Fratantoni, MBA’s Vice President of Research and Economics. “Applications for HARP refinance loans accounted for 24 percent of refinance activity last week, in line with the HARP share for the past few weeks.”

Where do you think mortgage rates are headed.  They were at record lows this week.  If you'd like to keep track on a daily basis, you can find the current average rate at http://www.MortgageHelpLosAngeles.com

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