Sat, Jul 05, 2008
|
TCI Shopping
|
|
Featured TCI Properties |
|
Great Home & Location
Greensboro, NC
|
| Price: $108,000 | |
|
|
The Real Estate Refinance Trend Downward Continues
| | Thursday, September 04, 2003 @ 09:55 PM EDT
|  Printer Friendly Page
 Send this Story to a Friend |
Contributed by: William Exeter
William Exeter Properties
Read more archived articles about Credit and Finance
The FreddieMac weekly interest rate survey posted the 30 year Fixed Rate Mortgage at 6.32%, that was a 4 basis point increase over last week's 6.28% rate.
MBAA's weekly mortgage application survey determined that mortgage demand continued to recede.
* The Purchase Index was down
 | |
| Advertisement |
3.6%, dipping from 390 to 376.
* The Refinance Index continued its freefall, dropping 21.3% from 2,757 to 2,169.
Oh, for the good old days! Less than three months ago the Refinance Index was at 9,978. It has fallen almost 80% since June 5.
Refinance applications now account for 48.9% of all applications. That means purchase money now accounts for 51.1%; it's officially a RESALE market.
Remember, when rates go up, sellers still sell and buyers still buy. It's your attitude, persistence and repositioning that make the difference.
Bill Exeter
Note: The 1031 in 1031 Like Kind Exchanges refers to Section 1031 of the Internal Revenue Code and Section 1.1031 of the Treasury Regulations.
Mr. Exeter has been a senior executive in the 1031 exchange industry since 1986 and has written and lectured extensively on tax-deferred, like-kind exchange transactions pursuant to Section 1031 of the Internal Revenue Code. He has administered in excess of 50,000 1031 exchange transactions during his career.
You can contact Mr. Exeter here
Word Cloud:
than money purchase survey down last trend applications june 6.32%, dropping 2,169.
oh, 2,757 exeter basis good estate recede.
* three rate 9,978. week's when persistence difference.
bill determined 376.
* attitude, demand interest increase still continues rates accounts market.
remember, 51.1%; since mortgage freefall, 6.28% refinance buyers year sell resale days! make posted fallen months dipping less 3.6%, fixed continued downward sellers freddiemac officially weekly account 5.
refinance repositioning 48.9% buy. applications. real point rate.
mbaa's application over almost it's index means 21.3%
|
|
| |
Average Score: 1.5
Votes: 2
|
|
| "" | Login/Create an Account | 0 Comments |
|
| These comments are owned by the posters. We aren't responsible for their content nor endorse them.TCI Comment section - where you are the moderator!If you see an offensive post or advertisement, please use the "As Is" drop down menu to choose a topic rank, then click Moderate at the bottom. This in turn will allow registered users to view only the topics that are most relevant to the article and get rid of the advertisement spam and junk. |
|
|
