Wednesday, January 14, 2009

Mortgage Rates are still falling as Refinancing is a booming business once again!

Applications for refinance loans jumped 25.6 percent for the week ending Jan. 9 as borrowers sought to take advantage of a continued free-fall in fixed-rate mortgage rates for borrowers with good credit.

Comparing loan applications: Purchase vs. Refinance
Applications for purchase loans fell 14.1 percent, and refinance applications accounted for 85.3 percent of all mortgage applications, the Mortgage Bankers Association said in releasing a weekly survey of lenders.

Are you in the market for a refinance or purchase loan...Please contact one or both of these highly trusted two lenders:
Your Silicon Valley & Sunnyvale Real Estate Professional
Mark Thomason
http://www.thomasonteam.com/
408.850.3085

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