Home Purchase Applications Rise 6.3%:: Realtor.org :: Wilmington NC real esate

REALTOR® Magazine-Daily News-Home Purchase Applications Rise 6.3%.

The world of real estate keeps turning….  The Mortgage Bankers Association announced that the home purchase applications rose 6.3 % from the week before, based on a seasonally adjusted basis.  On the unadjusted basis, it rose 4%.  This is the highest level since May, but the numbers are still down from last years numbers.  The expiration of the home buyer credit caused a slow down in the applications for mortgages.  The refinance rate was at 3.1%.

Seeing an increase in applications is encouraging, and good for Wilmington NC real estate.  The rates have raised slightly last week but the Mortgage Bankers association, stated that the raise was from 4.43 % to 4.5%.  Still a great interest rate to purchase real estate in Wilmington NC.  Take a peak at Wilmington NC real estate online at www.cbbaker.com, use our mortgage calculator on the site, find a home price  that will fit your budget and then call us.  We will help guide you through the home buying process.  Have a great day.

From Realtor.org magazine