Jeff Shauger, Associate Broker, ABR, CDPE, CRS, ePRO, GRI , SRES, SRS
 
Jeff Shauger, Associate Broker, ABR, CDPE, CRS, ePRO, GRI , SRES, SRS

Jeff's Blog

Its a Popular Time to Get a Mortgage and BUY A HOME

February 24, 2011 2:16 pm


Daily Real Estate News  |   February 24, 2011  |   Share
Mortgage Applications Jump 13.2%
Mortgage loan applications increased 13.2 percent on a seasonally adjusted basis compared to one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications survey.

The number of refinancings increased the most: The Refinance Index increased 17.8 percent compared to the previous week. Overall, the refinance share of mortgage activity increased to 65.7 percent of total applications.

Meanwhile, the Purchase Index increased 5.1 percent compared to the week prior.

“Ongoing turmoil in the Middle East brought interest rates lower last week,” says Michael Fratantoni, MBA’s vice president of research and economics. “Borrowers took advantage of these lower rates, bringing application activity back near levels from two weeks ago, following sharp declines last week.”

Last week, the average interest rate on 30-year, fixed-rate mortgages decreased to 5 percent from 5.12 percent the week prior.

Source: “Mortgage Applications Increase,” RISMedia (Feb. 24, 2011)

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February 10, 2011 11:17 am

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Are You A Fit Seller??

February 7, 2011 1:26 pm

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10 ways to NOT sell your house 10/18/ 2010

October 18, 2010 3:11 pm

1.)Don't cut and trim your lawn 

2.)Don't scoop out the litter box

3.)Don't stage your home, leave your loud "unique" colors throughout

4.)Leave your adult reading materials where potential Buyer's can find them (they will)

5.)Leave your adorable but LOUD BARKING DOG in a crate during showings

6.)Leave out your favorite team's memorabilia

7.)Leave the sink full of dirty dishes

8.)Don't finish the little projects throughout your home

9.)Leave out enough pictures and personal info that the Buyer's feel like they know you

10.)Leave all of your large cool furniture out cluttering up the house.

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