Refis......

Refinancing Fuels Loan Activity

Loan applications rose 8.2 percent last week on a seasonally adjusted basis compared to the previous week, according to the Mortgage Bankers Association weekly survey.

Most of the increase was in refinances, which rose 14.5 percent, while purchases decreased 1.8 percent. On an unadjusted basis, the purchase index decreased 3 percent compared with the previous week and was down 3.4 percent compared to the same week a year ago.

Mortgage rates declined overall:

30-year fixed-rate mortgages decreased to 4.97 percent from 5.04 percent.
15-year fixed-rate mortgages decreased to 4.33 percent from 4.53 percent.
1-year ARMs increased to 6.83 percent from 6.79 percent.

Source: Mortgage Bankers Association (11/04/2009)

Have you seen these yet?

Living room in 1760 Second Ave #9E apartment, listed by The Zweben Team, your trusted New York listing agent.

Case Study: How Top NYC Listing Agents Created a Quick and Profitable Home Sale

Case Study: Seller’s Success Story with The Zweben Team

Case Study: Buying Your Perfect NYC Apartment with The Zweben Team

Work with The Zweben Team

With The Zweben Team, we guarantee attentive and personalized service. We genuinely listen to your aspirations, offer sincere recommendations, and utilize our expert negotiation skills to fiercely advocate for you. With us, you're choosing unparalleled expertise and a tailored experience to meet your unique real estate needs.

Contact us

Subscribe To

THE ZWEBEN TEAM NEWSLETTER

Experience a monthly dose of handpicked content from The Zweben Team, showcasing exclusive property listings, market updates and a little foodie fun.

CONTACT

Paul Zweben, Licensed Associate RE Broker

pzweben@elliman.com

Carolyn Zweben, Licensed Associate RE Broker

czweben@elliman.com

1995 Broadway, New York, 10023

(212) 769-9807

NAVIGATION

Sell Buy About the Team Portfolio Connect Press

Neigborhoods Home Valuation Blog Hungry Domaine Testimonials Market Reports

CONNECT

575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 ©2023 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. NYS STANDARD OPERATING PROCEDURE & NYS HOUSING DISCRIMINATION DISCLOSURE FORM. NOTICE DISCLOSING TENANTS’ RIGHTS TO REASONABLE ACCOMMODATIONS FOR PERSONS WITH DISABILITIES.

Terms of Use | Accessibility Statement | Your Personal Information