Check out this recent article about 30 year mortgage rates. It explains how average 30 year mortgage rates compare to this time a year ago. It also compares the 15 year fixed and the adjustable rate mortgages. It also goes on to discuss how existing home sales are up and gives an indication that mortgage applications are up from last week as well. I wouldn’t put a ton of stock in the mortgage applications numbers though. There’s huge debate over what constitutes a mortgage application. While most of us think it means someone actually applied for a mortgage and has a loan in process, the stats represent everything from somebody just having their credit pulled to actually being declined. You be the judge and read the article http://www.washingtonpost.com/blogs/where-we-live/wp/2014/07/24/mortgage-rates-hover-near-lowest-levels-for-the-year/ for yourself. For a free mortgage rate quote or property value analysis contact the Chris Reese Mortgage team at 916-502-1656 or visit http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html
30 Year Mortgage Rates Near Unchanged from a Year Ago
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