Lodi / Stockton CA Homes For Sale & Real Estate Information » mortgage rates http://randyelliotthomes.com Your Home for Local and National Real Estate Info Wed, 01 Sep 2010 12:26:27 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Mortgage Rates Up; Mortgage Applications Down http://randyelliotthomes.com/2009/10/22/mortgage-rates-up-mortgage-applications-down/ http://randyelliotthomes.com/2009/10/22/mortgage-rates-up-mortgage-applications-down/#comments Fri, 23 Oct 2009 05:42:38 +0000 Randy Elliott /?p=175 I actually would think that since we’re nearing the deadline of the First-time Homebuyers Tax Credit of $8,000 that we’d be seeing a sharp rise in mortgage applications.  Perhaps that’ll happen over the next few weeks as we get closer.

But instead, with the mortgage rates rising I’m thinking this might be causing people to think a little longer about whether they should buy a home now, or not buy one at all.

There’s also lots of news of the number of foreclosures rising and that’ll create not only more choices, but lower prices on homes.

Here is an article I read recently that talks a little more about the topic of rates and mortgage apps… http://bit.ly/6QLI6

What are your thoughts about the tax credit?  Do you think it should be extended?

Make it a great day!

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