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[Gene GeRue <genegerue AT ruralize.com>]

Found this at Inman News--a slight decrease in refi's, but hardly worth 
mentioning. And all the talk about rising interest rates makes me smile; 
these are fantastically good rates we have today. Those who are envious of 
the profit homeowners are making on appreciation should stop being envious 
and just make an investment. In many areas, historic, current, and 
predictable future appreciation is greater than current interest rates. 
Paying less than seven percent interest on the banks money while getting 
eight or greater percent appreciation on the total value of the investment 
is a solid financial move.

Real estate purchases jump
Refinancings lose market share

Wednesday, November 09, 2005

 . . . . The refinance share of mortgage activity decreased to 41.7 
percent of total applications from 43.6 percent the previous week. The 
adjustable-rate-mortgage share of activity increased to 31.6 percent of 
total applications from 29.4 percent the previous week.

The average contract interest rate for 30-year fixed-rate mortgages 
increased to 6.31 percent from 6.21 percent one week earlier. Points 
including the origination fee increased to 1.37 from 1.27 for 80 percent 
loan-to-value ratio loans.