Latest News in Refinancing Home Mortgages – Dec 25, 2008

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Mortgage rates drop to lowest in 37 years – Economic Times
NEW YORK : Interest rates on US 30-year fixed-rate mortgages dropped to their lowest level in 37 years this week, largely due to an unprecedented intervention by the Federal Reserve, according to a survey released on Wednesday by home funding company …

Mortgage refinancing soars as interest rates dive – Austin American-Statesman
Mortgage rates are falling fast, and Americans are rushing to refinance their home loans, according to the Mortgage Bankers Association. Mortgage applications rose 2.9 percent last week as interest rates on 30-year loans fell to just over 5 percent …

Borrowers rushing to refinance loans as rates drop – Associated Press
WASHINGTON (AP) — Homeowners around the country are scrambling to refinance their mortgages at the lowest rates since the early 1960s as the economy staggers through what’s likely to be the worst recession in decades. Mortgage brokers are already …

Mortgage applications up as interest rates fall – Phoenix Business Journal
Steadily dropping interest rates are pushing more people to apply for mortgages and to refinance existing home loans. The Mortgage Bankers Association?s seasonally adjusted mortgage application index rose 2.9 percent to 841 for the week ended Dec …

Mortgage rates fall refinance calls boom – Arizona Daily Star
WASHINGTON ? Rates on 30-year fixed-rate mortgages fell to a record low for the second straight week, causing refinancing applications to surge to the highest level in more than five years, a month after the Federal Reserve pledged to channel …

Mortgage rates are near 4.5%, a historic low – Detroit Free Press
Mortgage rates are at or near historic lows, dropping quickly in the last couple days, spurring more homeowners to refinance at rates now hovering around 4.5%. ?With the Federal Reserve?s announcement that they will back mortgage-related bonds …

Mortgage refis wanted but tough to come by – Pioneer Press
With mortgage rates plunging, lenders are providing last-minute holiday shoppers with the chance at an unexpected stocking-stuffer: refinance applications. Freddie Mac, the home mortgage giant, reported Thursday that rates on 30-year fixed mortgages …

Mortgage rates fall to new record low – Tulsa World
WASHINGTON ? Rates on 30-year fixed-rate mortgages fell to a record low for the second straight week, causing refinancing applications to surge to the highest level in more than five years, a month after the Federal Reserve pledged to channel …

Good buys in home loans – Baltimore Sun
Home loan borrowers with good credit could be in for some of the best mortgage rates in months, analysts said yesterday, a day after the Federal Reserve announced intervention designed to make financing less costly and more readily available. But it …

Mortgage refinancing surge expected – The Washington Times
Homeowners are being tempted to refinance their mortgages as the nation’s struggling economy produces the lowest interest rates in nearly a half-century. The latest drop in rates resulted from the Federal Reserve ’s attempts this week to spare the …

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