If you needed a reason to have a real estate broker party, this would be it! We are excited about the news and wanted to make sure to share it with you.
Rod Stewart
“Since financial companies started keeping track of mortgage rates in 1971 – when GIs where being sent to fight in jungles of Vietnam, Rod Stewart was belting out Maggie May”, and the median price of a home was $24,300 – this has never happened.”
Here’s what all the buzz is about…Mortgage rates on 30-year loans can be found throughout the industry at 4.2%. Fifteen year rates are in the 3.75% range.
According to the Mortgage Bankers Association (MBA), “Refinancing activity now accounts for more than 80% of total new mortgage activity”. MBA records indicate that refinancing “surged 21% on the week and is up 50% from a year ago.”
Are you as excited about this as we are?