Mortgage rates posted more drops this week, lowering the borrowing costs of potential home shoppers and refinancers. Rates are now at a nine-month low, which helped boost mortgage applications more than 20 percent this week.
“Lower mortgage rates combined with continued income growth and lower energy prices are all positive indicators for consumers that should lead to a firming of home sales,” says Sam Khater, Freddie Mac’s chief economist.
Freddie Mac reports the following national averages with mortgage rates for the week ending Jan. 10:
Maureen “Mo” Mitchell has joined the sales team at Fisher Realty. A native of Kentucky, Mo studied business at the University of Kentucky. She began her career as Operations Manager with E.F. Hutton in Lexington, KY. Furthering her career Mo received training on Wall Street with industry leaders Jamie Diamon and Sandy Weil and was Series 7 registered in 1986. Mo left the brokerage industry in 1990 to raise her daughter.
Mo was an active civic volunteer in Kentucky, serving on the Alliance of the Speed Museum board, the American Lung Association board, and the POA board of the Lake Nolin Community. Mo chaired the Women’s Initiative for the Louisville United Way and was asked to speak at the national Alexis de Tocqueville meeting to assist other communities with a model for women’s giving. She has also chaired fund raising initiatives for Louisville Collegiate School and the Oxmoor Steeplechase.
After relocating to Lake Toxaway in 2007, Mo spent four years of study with Dr. Jean Houston, an advisor to NASA and the UN, in her courses, “Social Artistry and The Possible Human”. Mo served as nomination and technology chair on the Lake Toxaway Community Association board and is now happy to have the opportunity to pursue her love of real estate with the Fisher family of brokers.
Principal Broker Art Fisher remarked, “We are delighted to have Mo with us at Fisher Realty. Her background, her enthusiasm, and her love of helping people will be great assets in serving her clients.”
Mo will be in the Sapphire/Lake Toxaway office of Fisher Realty with Marsha Bricker as Broker-In-Charge. The office is located at 17527 Rosman Highway in Sapphire. Mo invites her friends to visit her there or call her at 828-966-9290.
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