70441, Greensburg, LA

The Greensburg, Louisiana zip code 70441 has a population of just over 10,000 people. The median household income in the zip code is just under $50,000, and the median home value is just over $150,000.

There has been a lot of speculation recently about the future of the housing market in Greensburg and across the United States as a whole. While there are many factors that contribute to home prices and home equity values (including interest rates, economic conditions, etc.), one thing that is definitely affecting both markets right now is the fact that so many people are refinancing their homes.

According to data from RefinancingAmerica.com, in Q2 of this year alone there were more than 1 million refinances completed in the U.S., which was an increase of 16% compared to Q2 of last year. This trend seems likely to continue for at least another year or two – after all, interest rates have been slowly but steadily dropping for quite some time now and homeowners who are able to get lower interest rates on their mortgages may be more inclined to refinance than they would have been a few years ago.

Of course, not everyone who wants to refinance will be able to do so – after all, not everyone has access to low interest rates or enough money saved up already to cover the cost of a new mortgage plus closing costs. And even if someone does manage to get approved for a refinance loan, it’s important not to forget about things like escrow fees (which can amount up to 2% or more of your total mortgage balance) and origination costs (which can also be quite high). So while refinancing may be good news for homeowners who want or needto take advantageof low interest rates right now, it’s definitely not something that should be taken lightly!