Athens GA Properties, Athens Georgia Homes, and Athens Real Estate

“Mortgage loan applications bounced back last week as rates fell and end-of-the-year holiday hoopla faded,” according to the Mortgage Bankers Association.

The Mortgage Bankers Association’s weekly index of volume rose to 1,324.8, an increase of 15.8 percent from 1,143.8 the previous week.

Refinances continued to dominate the applications with 85.3 percent of the loans being refinances, up from 79.8 percent the previous week according to the report.

Interest rates continued to decrease:

• 30-year fixed-rate mortgages decreased to 4.89 percent from 5.07 percent;
• 15-year fixed-rate mortgages decreased to 4.63 percent from 4.67 percent;
• 1-year ARMs decreased to 5.89 percent from 5.90 percent.

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