Mortgage volume stalls as rates rise to the highest level in four years

Some borrowers may have jumped to get the last low rates now, fearing rates will move even higher in the coming weeks.
  • Total mortgage application volume barely moved as interest rates rose.
  • Mortgage applications rose 0.7 percent last week from the previous week, the Mortgage Bankers Association says.
  • Application volume was 5 percent higher than one year ago.

If you enjoy “flipping” houses or investing in real estate, don’t forget – the second WREIA meeting of 2018 is kicking off Monday, February 12th, in Bethesda.

Here are some quick details –

The Feb. topic is ” Tips From The Pro’s – Fix and Flip Renovation Panel “

Join us and learn:
    • How each member of our panel got started & where their rehabbing business is today
    • How they find deals & quickly analyze a deal and make a buying decision
    • How they fund deals
    • Kinds of houses they like to buy and those they try to avoid
    • Where to buy and where not to buy
    • How to set your business up for the best chance of success
    • Have them answer your questions and much more!

Join us as we talk about renovations in the DC area.

Join us and meet real people doing real deals in real estate – right here in the DC/Baltimore area.

Reserve your seat at this link.

Have a great day, and I hope to see you next Monday on Feb. 12th!

John Peterson
Founder, Washington Real Estate Investors Association