According to the Mortgage Bankers Association’s Weekly Applications Survey, demand for home loans was flat last week, with the Market Composite Index dipping just 1.0 percent after surging 7.5 percent the week before. The drop was caused by declines in the Purchase Index, while the Refinance Index increased 0.8 percent. The refinance share of all mortgage activity was 81.1 percent. The average loan size in January was $226,000, up from $225,000 in December 2011 and $207,000 a year ago. Also, average mortgage rates rose, with the interest rate for 30-year fixed-rate mortgages increasing to 4.08 percent from 4.05 percent the week before. The average 30-year rate for jumbo loans was 4.30 percent. More here.

Photo by woodleywonderworks

Photo by woodleywonderworks


Get a Personalized Mortgage Rate Quote
Loan Amount:

Property Value:

Zipcode:


Loan Purpose:
Cashout Amount:
Streamline:

Credit Score:


Property Type:
Get Social with Jim Crowder

Crowder Mortgage

Jim Crowder

1434 Spruce Street

STE 100

Boulder, CO 80302


877.762.4375

303.243.3918