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Mortgage Apps Increase as Rates Ease
Applications for U.S. mortgages have rebounded in response to falling interest rates, the Mortgage Bankers Association reports.  The seasonally adjusted index of total mortgage applications rose 11.9 percent in the week ending Sept. 29 to 633.9. That’s its highest level since January, but on an unadjusted basis it is 10.9 percent lower than it was a year ago last week. Realty Times

A rise in mortgage applications means more buyers, even if half of the applications were for refinances.  This might be a good time to refinance for those who have adjustable rate mortgages.  For all others there are on-line calculators that can be used to figure out if refinancing make sense.  It is not just about a lower interest rate because refinancing costs money too.