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Mortgage Rates have remained historically low and many people are taking advantage by refinancing. As such, mortgage applications are up and the average interest rate for a 30-year fixed-rate mortgage moved down to 5.18% from 5.44%.

If you are a first-time home buyer, this is a great time to buy! Prices are down and mortgage rates are low. If you have a home to sell, even though you would perhaps sell for less than what you were originally thinking, you would still do very well on the purchase of your new home.

http://www.freep.com/article/20081218/BUSINESS06/812180516

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Hey--nice group. As a senior loan officer for over 9 years and member of JP community, happy to provide commentary on mortgage financing or answer any questions on this...
Hi Adam,
Glad to have you join. Who are you a senior loan officer with?
My contact info blelow, but I usually work out of my home office in JP.


Adam Frawley
Senior Loan Officer

Omega Mortgage Corp.
7 Wheeling Ave Suite 2A
Woburn, MA 01801

Phone: 617-212-9548
Fax:: 617-607-8345
Email: adam@omegamortgage.com

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