Latest News in Refinancing Home Mortgages – Feb 12, 2009

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When NOT to refinance your home – ABC2 News
The chance to refinance a mortgage at a lower interest rate is sure to get a homeowner’s attention. But it’s not always the right decision. Having bragging rights at the neighborhood picnic isn’t a reason to refinance. Instead, it’s good to put some …

See today’s average credit card rates across the country. – MSNBC
The White House is considering a proposal to head off potentially millions more home foreclosures by using federal funds to buy up at-risk loans and then refinance them with more affordable terms. Treasury Secretary Timothy Geithner and other Obama …

Despite Rush To Refinance Mortgages, Many Don’t Qualify – Tampa Bay Online
Melissa Morris knows that refinancing can sometimes save big bucks. She refinanced two years ago to get out of a 14 percent adjustable-rate loan. She ended up with a 7 percent fixed interest rate and saved hundreds on her monthly mortgage payments …

Mortgage assistance draws crowds to Conn. forum – Monterey County Herald
Tom Mulrooney and Kathy Pierce of Munson, Mass. get help from Shelia Callahan, right, about receiving home owners mortgage restructuring Saturday Feb. 7, 2009 in Stamford, Conn. The “Save the Dream” forum, coordinated by the nonprofit community …

Bank execs plead for credibility – Cincinnati.com
WASHINGTON – The nation’s top bankers came to account for themselves Wednesday to a wary public, displaying a blend of financial might and humility as they pledged to build public trust with greater lending and fewer perks. “We’re Americans first and …

With contrition, bankers say bailout has helped – Grand Rapids Press
WASHINGTON (AP) — The nation’s top bankers came to account for themselves Wednesday to a wary public, displaying a blend of financial might and humility as they pledged to build public trust with greater lending and fewer perks. AP Photo Goldman …

Mortgage help draws crowds to Conn.’s Gold Coast – Norwalk Hour
STAMFORD, Conn. (AP) — Hundreds of people trying to save their homes from foreclosure flocked to Connecticut’s wealthy Gold Coast on Saturday to meet with counselors about ways to refinance their mortgages amid the nation’s housing market meltdown …

Dodgy loans, unjust contracts and the public interest – Sydney Morning Herald
We wake up this morning and all the stimulus is gone – thanks to Senator Nick Xenophon. The Government’s $42 billion “nation-building and job plan” has stalled. The Coalition finance spokesman, Joe Hockey, had said it should be opposed because some …

Not everyone gets the same mortgage rate – Santa Cruz Sentinel
While rates have been see-sawing downward and then upward and then downward, some lucky and well-qualified borrowers were able to lock their 30-year fixed-rate mortgages as low as 4.5 percent last month. The 30-year fixed rates for loan amounts at or …

Time to refinance? – Fosters Daily Democrat
PORTSMOUTH ? Record low interest rates coupled with a rising consumer confidence have sparked a surge in home loan refinancing requests for lenders both at the state and national level. Consumers looking to refinance their mortgages have made up a …

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June 26 2010 08:33 am | Kitchen

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