It appears that it is time to put on your selling cap! Applications to buy a home or refinance a loan jumped 33.4 percent last week, according to a report by the Mortgage Banker’s Association. This jump is directly related to the lowering of interest rates after the Fannie Mae and Freddie Mac takeovers. The federal government has been trying to help the real estate market by attempting to force interest rates down for months, but with little effect. With the takeover they were able to push the rates down to a 5 month low. Last week, the average rate on a 30-year fixed loan dropped to 5.82 percent. Let’s hope this trend continues!

With the increase in business you are sure to have, remember Best Agent Business is here to help increase the time you spend with all those new buyers!