Jeff's Blog


Low Mortgage Rates Encourage Buyers and Refinancers



According to the Mortgage Bankers’ Association, the number of home mortgage applications is up 23.1%, largely due to a sudden increase in refinancing demand.

The MBA reports that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) decreased to 4.06% from 4.1%, the lowest 30-year fixed rate in the history of the MBA Survey.

For a complete breakdown on current interest rates, read the complete article at


Jeff Mateja is the CEO/REALTOR at Universal Properties at Keller Williams Realty in Portland, Maine, and founder of, a blog about everything Portland, Maine, and beyond. Jeff also offers two premier home search tools for Buyers via and If you would like further information on any blog topics, please e-mail Jeff Mateja.

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Comment balloon 1 commentJeff Mateja • January 19 2012 09:44AM


There is no better time to buy a home. The rates are crazy and will be for a while. When mortgage payments are often lower than a rent payment, it doesn't get any better than that for a prospective home buyer.

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) almost 7 years ago