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Mortgage Purchase Applications at a 6 Month High

According to The Mortgage Bankers Association’s Weekly Mortgage Applications Survey, purchase activity last week reached its highest level since October 2009. But while the Purchase Index increased 7.4 percent, the Refinance Index fell 8.8 percent. The average contract interest  rate for 30-year fixed-rate mortgages increased to 5.08 percent from 5.04, likely causing the dip in refinancing activity. Michael Fratantoni,  MBA’s vice president of research and economics, said purchase applications are up largely because of the home-buyer tax credit.

For help on your next real estate transaction in the Greater Seattle area, give me a call at (425) 483-1010 or visit http://www.RyanHalset.com

Ryan Halset
Real Estate Broker | Realtor ®
Boardwalk Real Estate, LLC
Phone: (206) 930-7959 | Email: Ryan@BoardwalkSeattle.com

Providing professional real estate services throughout the Greater Seattle area.

North Seattle | Bothell | Lake Forest Park | Edmonds | Mill Creek

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