Mortgage Refis Surge in New Canaan Market

Increased demand for safe haven investments, driven by worries over the European debt crisis, have pushed yields down. Mortgage rates continue to hold at near record lows and homeowners are rushing to refinance their mortgages. Rates on 30-year fixed-rate mortgages averaged 3.78 percent with an average 0.8 point for the week ending May 24, down from 3.79 percent last week and… Read More

Follow the Bouncing Mortgage Ball

We all the learned to follow the bouncing ball which normally flowed in a gentle arc as we sang through the song. Following the mortgage tune might have a sharper rise in pitch than we have grown accustomed to. Mortgage rates were up sharply this week, bouncing back from record lows following the release of… Read More

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