"How long can rates stay this low?", you ask yourself. We continue to have favorable refinance opportunities for both 15 and 30 years rates and purchase business is off to a record start in January!
Here's more good news from Freddie Mac today:
"Mortgage rates started the year near record lows which should continue
to aid the ongoing housing recovery," said Frank Nothaft, vice
president and chief economist for Freddie Mac. "New home sales rose in
November to a two-year high and were up 15.3 percent from the previous
November. Similarly, pending sales on existing homes increased for the
third month in November to the strongest pace since April 2010."