Mortgage Applications Up
by BloggerInParadise on Jun.30, 2010, under Real Estate Discussion
The upside of the economic situation and resulting nervousness in Europe is that money is pouring into Treasury bonds and lowering our mortgage interest rates. Refinance rates are the lowest in 50 years! The result of the lower interest rates is that smart buyers are applying for home loans and mortgage applications are up 9%. For the whole story click here.
July 1st, 2010 on 8:43 am
Something good out of all this. Hope it all doesn’t collapse.
July 1st, 2010 on 9:49 am
It’s pretty nerve racking since politicians are in charge and they work for themselves. Still, through history the long term store of value has been basically in two places – gold and Real Estate. Whenever there has been financial turmoil, both have, over time, maintained or gained value. That might be why so many people are buying both right now.