What’s the Deal with Mortgage Applications?

Housing experts believe that despite the low mortgage rates, mortgage applications should be higher than what they currently are. Total mortgage applications rose over 2.5% at the beginning of the month, largely due to the uptick in refinancing applications. However, homeowners who have already taken advantage of refinancing opportunities may not be as incentivized to do it again.

Interest rates for a 30-Year Fixed and 15-Year Fixed mortgage are currently at about 3.625% and 3.000%, respectively. M & M Private Lending Group is a hard money lender in Florida that offers low rates and closing costs and specializes in private money real estate loans.

This update is provided by hard money lenders Florida company M & M Private Lending Group. We have over three decades of experience specializing in private money real estate loans and we pride ourselves on providing our esteemed clients with a service that’s personalized while delivering low rates and closing costs. We also offer mortgage note investments and have worked extensively with brokers and affiliates. Call 305-363-7169 to speak with a lending representative or visit our website to fill out an application form.