Wednesday, Jan. 6, 2010Written 10:00 a.m.WHO'S BORROWING?: Mortgage applications are at a 12-year low, blogger Calculated Risk concludes, based on his analysis of data from the Mortgage Bankers Association. And this is happening while rates are near historic lows.Dan Green of Waterstone Mortgage tweeted today: "Been talking to a lot of jumbo refinancers this week. More than normal, actually." Maybe that's where the activity is.RATES: Bankrate's weekly rate survey is conducted today. Rates probably will be down from last week, when the 30-year fixed averaged 5.33 percent and the 5/1 ARM averaged 4.77 percent. This is probably a good time to refinance, if you can qualify to do so. advertisementRelated Links:Free job-loss mortgage insurance?Rates head south againMortgage Rate Trend IndexRelated Articles:Foreclosure or walk away?Chicago schooledRefinance a tough call
Wednesday, Jan. 6, 2010Written 10:00 a.m.
WHO'S BORROWING?: Mortgage applications are at a 12-year low, blogger Calculated Risk concludes, based on his analysis of data from the Mortgage Bankers Association. And this is happening while rates are near historic lows.
Dan Green of Waterstone Mortgage tweeted today: "Been talking to a lot of jumbo refinancers this week. More than normal, actually." Maybe that's where the activity is.
RATES: Bankrate's weekly rate survey is conducted today. Rates probably will be down from last week, when the 30-year fixed averaged 5.33 percent and the 5/1 ARM averaged 4.77 percent. This is probably a good time to refinance, if you can qualify to do so.
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