Albuquerque Real Estate News: Mortgage Applications on the Increase in the Wake of Low Interest Rates!

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Sunday, December 28, 2008

Mortgage Applications on the Increase in the Wake of Low Interest Rates!

Refinancing due to the lower interest rates is why the Albuquerque Metro area is seeing an increase in mortgage applications. With rates at around 5.25%, refinancing can make sense for homeowners who will bring their current rate down by a point or more, lower their monthly payments and plan on staying in their home for a couple of more years. Preview the link below and read the article by Richard Metcalf with the Albuquerque Journal for more details… http://www.abqjournal.com/biz/2810414biz12-28-08.htm

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# posted by Tego and Tracy Venturi @ 5:06 PM
Comments:
My in laws also have submitted an application for the refinancing! but do you think it's worthy for those that have 15 years loan and have already gone past 7 years?
# posted by Blogger Chris : January 1, 2009 11:13 AM
 
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Tego and Tracy Venturi

Keller Williams Realty
 		Tracy:.. (505) 263-2526
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