Tucson Real Estate: According to the Mortgage Bankers Association, mortgage loan application have fallen to a 15 year low. The decline in mortgage applications, and ultimately prospective home buyers, was attributed to volatile markets and uncertainty regarding the economy.
The average contract interest rate for 30-year fixed-rate mortgages is 4.39 percent. The average contract interest rate for 15-year fixed-rate mortgages is 3.56 percent. These are historic low rates.
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales.
