Mortgage applications record high since late May
Rates are low, time is short, record FHA loan apps:
From Doug Wall, Avenue Mortgage:
"Mortgage applications for last week rose to their highest level since late May, as rates dipped along with a late surge to take advantage of the $8,000 tax credit before it expires at the end of November. Government insured mortgages (FHA) made up 45.7% of all purchase applications last week - the highest proportion since November 1990."
There is HUGE opportunity right now to purchase way more home in desireable communities than we're likely to experience in the foreseeable future. Don't miss this closing window of time!
From Doug Wall, Avenue Mortgage:
"Mortgage applications for last week rose to their highest level since late May, as rates dipped along with a late surge to take advantage of the $8,000 tax credit before it expires at the end of November. Government insured mortgages (FHA) made up 45.7% of all purchase applications last week - the highest proportion since November 1990."
There is HUGE opportunity right now to purchase way more home in desireable communities than we're likely to experience in the foreseeable future. Don't miss this closing window of time!
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