Posted by RayMo at Thursday, February 4, 2016
According to the Mortgage Bankers Association, a drop in the interest rate is due to global economic worries and it fueled an increase in mortgage applications last week. Interest rates fell across the board from the previous week for all loan types. For those who are looking to refinance it is not too late. This year continues to be a great opportunity to purchase a home while interest rate are still at its lowest.
Mortgage Loan Originator
Mortgage World Bankers, Inc.