Mortgage Applications on the Increase in the Wake of Low Interest Rates.

Refinancing due to the lower interest rates is why the Albuquerque Metro area is seeing an increase in mortgage applications. With rates at around 5.25%, refinancing can make sense for homeowners who will bring their current rate down by a point or more, lower their monthly payments and plan on staying in their home for a couple of more years. Preview the link below and read the article by Richard Metcalf with the Albuquerque Journal for more details… http://www.abqjournal.com/biz/2810414biz12-28-08.htm Search for Albuquerque homes for sale at our WelcomeHomeABQ.com website