The survey reported that 12.5 % increase in the overall number of mortgage loan leads generated and a 16.7 % increase in the number of people who applied online for a refinance loan. Home mortgage rates continued with the record low trend this week.
The 30-year home loan rate averaged 4.55 % and the 15 year interest rates fell to 3.91%. The 15-year FHA rates also dipped below 4% for the first time. Most economists have forecasted poor employment and housing figures for the 3rd and 4th quarters of 2010, so we anticipate the record low mortgage rates will roll into 2011.