Refi Applications Increase

The Mortgage Bankers’ Association this week reported that their refinancing index increased last week by 9.2%, indicating a surge of owners who are taking advantage of historical low rates to refinance their existing home loans. The index for purchase applications decreased by 2.0% for an overall composite index gain of 6.7%. With rates dropping again this week by 0.01% to 4.57%, the opportunity to take advantage of these rates remains.

Mortgage Bankers’ Association, July 7, 2010
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A full-service professional mortgage banker providing lending in Texas for over 25 years. Our main office is located at 901 S. Mopac Expwy, Barton Oaks V- Suite 120, Austin, TX 78746 with branches in Lakeway, Houston, and Sealy. Mission Mortgage has been ranked as a Top 10 Mortgage Company in Austin for the past 7 years (Austin Business Journal).
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