Lowell Deeds

The latest on real estate recordings and new technology from the Middlesex North Registry of Deeds in Lowell

April 2, 2008

Mortgage Applications

by @ 2:47 pm. Filed under Statistics, Real Estate

Here at the registry of deeds it became very obvious to me in 2003 that our “volume” is driven by mortgages, especially refinances. Obviously, today mortgage volume is down, way down. Down how much? Well, according to Mortgage Bankers Association first time mortgage applications were down 28.7% last week. And the news isn’t any better for refinances either. During the same period refinances fell 38.1%. According to the Boston Globe…”the average interest rate on 30 year fixed mortgages increased to 5.75 percent from 5.74 percent the previous. This is not enough of an increase to effect the market in either direction.

[powered by WordPress.]

Pages:

Recent Posts:

categories:

search blog:

archives:

April 2008
M T W T F S S
« Mar   May »
 123456
78910111213
14151617181920
21222324252627
282930  

Metatasks:

21 queries. 0.371 seconds