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Wednesday, January 9, 2013

2013 begins with near record low mortgage rates!

2013 starting off GREAT with LOW Rates!
"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."