Latest News in Refinancing Home Mortgages – Dec 04, 2008

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Mortgage applications up 112.1% last week, due to drop in rates: MBA – Market…
Many borrowers missed an opportunity to take advantage when rates dropped sharply for a brief period when the GSEs were placed under conservatorship,” said Orawin Velz, associate vice president of economic forecasting for the association. GSEs refer …

A Rush Into Refinancing as Mortgage Rates Fall – The Ledger
The housing market may finally be getting some relief, with lower mortgage rates already encouraging refinancing and Treasury officials considering ways to entice new buyers. Click to enlarge Low rates enticed Javier and Irina Lattanzio to refinance …

Mortgage Refinance Applications Soar As Rates Fall – Wall Street Journal
NEW YORK (Dow Jones)–Applications to refinance mortgages soared last week as interest rates dipped by almost 1 percentage point after the Federal Reserve announced that it would purchase billions in mortgage related debt. The Mortgage Bankers …

Low rates breathe life into mortgage market – Columbus Dispatch
A recent half-percentage-point drop in 30-year home loans is jolting a mortgage market that has been weighed down by a nose-diving economy and troubled credit markets. Mortgage applications were up 112 percent during the week that ended Nov. 28 …

Treasury Department Considering Bold Mortgage Move – CBS 11 News
WASHINGTON (AP) ? Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market. Under the proposal, Treasury would seek to lower the rate on a 30-year mortgage to …

Proposal would lower 30-year mortgage rate to 4.5 percent – Syracuse Post-Sta…
WASHINGTON (AP) — Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market. Under one proposal, Treasury would seek to lower the rate on a 30-year …

Mortgage Lenders Report Rise In Number Of Refinancing Applications … – All…
Washington, D.C. (AHN) – The Tuesday announcement by Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke of an $800 billion package designed to help consumers obtain loans and refinance their home mortgages have stirred …

Mortgage-rate drop may spur home purchases, refinancing – AZCentral.com
Valley residents waiting for the right time to buy a home or refinance their mortgage received a nice holiday gift from the federal government this week. The Federal Reserve’s announcement Tuesday that it would spend $600 billion to buy up mortgage …

Financial industry pushes for lower mortgage rates – Morris County Daily Record
WASHINGTON — Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market. Under one proposal, Treasury would seek to lower the rate on a 30-year mortgage …

Treasury Ponders Rate Relief for Home Buyers – Smart Money
WASHINGTON (Dow Jones) — The Treasury Department is considering a plan to revitalize the U.S. home market that would push down interest rates for loans to purchase a home, according to people familiar with the matter. The plan, which is in the …

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