Mortgage Applications Show Big Jump to Start the Year
January 9th, 2008 by Tre Pryor, Editor-in-ChiefIt’s nice to see such a large increase, 32% to be exact, in the number of mortgage applications to start 2008. If the trend holds, it could signal an improvement in the housing market as a whole.
Another piece of under-reported news is that 30-year mortgage rates are continuing to be available to consumers at historical lows. Due to the Federal Reserves recent actions, it’s not difficult to find rates around 5.75% at most lending institutions here in Louisville.