MORTGAGE MADNESS? We are all to familiar with the difficulty of obtaining a loan when purchasing real estate for the past several years. Financial institutions have been making their bread, so to speak, on refinances for quite some time. Things are changing. According to the Mortgage Bankers Association, the % of loans refinanced, as a % of overall loans, has been falling in 11 out of the past 12 months. The good news is that we now are in a Majority Purchase Market. Not since 2009 has the greater % of loans come from the purchase of real estate. Interest rates have remained historically low and with a continued growth in the job market, the outlook couldnnt look better for the real estate market. Looking to buy or sell on the North Fork. Call Abatelli Realty & Appraisal Service. Weve been serving the real estate community since 1908.
Posted on: Sat, 10 May 2014 20:17:27 +0000
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