Valencia homes, Valencia real estate, Valencia realtors, Valencia investment properties, CA homes, CA properties, LOS ANGELES homes, LOS ANGELES realtors, LOS ANGELES county homes, Greg Guinto, Guinto, Greg, Keeping You in the know, RE/MAX of Valencia, Buyers agent,
Welcome
Greg Guinto 27720 Dickason Drive, Valencia, CA 91354 Office: 661-702-4965 Cell: 818-723-9373 Email: greg@gregguinto.com "Keeping You in the Know"
Helpful Info > Weekly Real Estate News
Daily Real Estate News | July 16, 2008
Mortgage Applications Inch Up
Mortgage applications rose 1.7 percent to 522.2 on an adjusted basis in the week following the July 4 holiday, according to the Mortgage Bankers Association weekly survey.
On an unadjusted basis, the index increased 27 percent compared with the previous week, which was shortened by the holiday. Applications were down 17.4 percent compared with the same week a year ago.
The refinance index was up 6.9 percent and the purchase index decreased 1.7 percent compared with the previous week.
Interest rates were down in all categories:
30-year fixed-rate mortgages decreased to 6.22 percent from 6.43 percent;
15-year fixed-rate mortgages decreased to 5.74 percent from 5.94 percent;
1-year ARMs decreased to 7.16 percent from 7.24 percent.
