Mortgage applications jumped over 25 percent in the first week of January, spurred on by low interest rates. The indicators showed the demand for home refinancing has not been as high in the last 5 years.

While many experts report that rates will stay low for months, 30 year rates of 4.5 percent were too attractive for borrower’s to pass up. Due to the fact that rates change, locking in now a great rate now appears to be a smart move.

While low rates have not yet spurred buying activity, low prices and cheap money certainly provide hope that we may be reaching a bottom in the US housing market.

Thank you for visiting InfoTube.net homes for sale website.  Please feel free to search for great real estate deals on our website.  No registration is required and you will find property seen no where else on the internet.