Hot off the Press!
The recent plunge in interest rates have existing homeowners flooding mortgage companies in quest of locking in at lower rates. Many homeowners are streamlining their existing FHA or VA mortgages into lower rates. Most of these loans are closing in less than a week compared to the traditional three weeks.
This recent drop in rates has not been confined to just FHA or VA mortgages. Existing conventional mortgage applications have been surging as well.
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