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Pasadena Mortgage Rate Update: January 1, 2008Pasadena Mortgage Rate Update: January 1, 2008The average Pasadena mortgage rate on a 30-year, fixed-rate mortgage dropped to 5.14 percent last week to a new record low, according to Freddie Mac. A year ago, the rate was 6.17 percent for a comparable loan. As a result, mortgage applications last week jumped to the highest level in five years, with more than 80 percent of the applications for refinancings. There also was an 11 percent increase in applications for home purchase loans. Interested in searching for homes in Pasadena: If you have questions about any of these Pasadena homes for sale, call Irina, Pasadena Real Estate Agent at 626-627-7107. Related Posts:Posted on January 1st, 2009
Posted in Mortgage Information, Pasadena
Posted by: Irina Netchaev
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[...] saw the unprcedented drop in interest rates a couple of weeks ago and wanted to take an opportunity to refinance and get the lower Pasadena [...]