Weekly Mortgage Application Survey - February 15, 2012

Weekly Mortgage Application Survey - February 15, 2012

Okay, so I wanted to share this information with you from the Mortgage Bankers Association Report.  But first I must STRESS that real estate has become very localized.  It is no longer just hearing about the national statistics that matter to you, but it has down from state to state and from city to city.  Even this is no longer enough as now it is neighborhood to neighboorhood that matters when you are looking to buy or sell a home.  You must know the nieghborhood you are moving into or the prices in the neighborhood you are moving out of.  THIS IS WHAT MATTERS TO YOU.

However, in reading an article in the MBA website, I thought this was rather interesting information for everyone.  according to the report, mortgage applications decreased by 1% in just a week.  This happens while the refinance percentage climbed to 81.1%.   

The long and short of this is that people are slowing down with their attempts to try and buy a home, while others are simply trying to refinance their existing loans.  I think part of this is that there is less and less inventory in certain areas, such as Las Vegas and therefore that particular area wouldn't have as many loan applications as before.  

There are many more statistics which you can read by clicking THIS LINK.

So if you are interested in buying or selling or simply have questions about real estate, please feel free to contact me.  I will be more than happy to assist you. 

Call me for your free home market analysis!

Warmest Regards,
Linda K. Mayer,
Realtor, Office Manager  
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com
Linda's Website