Latest News in Refinancing Home Mortgages – Jan 22, 2009

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Falling interest rates spark increase in mortgage applications – Tampa Bay Bu…
Michael Kelleher, loan officer for Residential Finance, takes a client call. Home refinancings are proving to be a bright spot in a tough banking market. With interest rates at near-record lows, mortgage applications have been increasing in numbers …

Mortgage applications drop as rates rebound – CNN Money
NEW YORK (Reuters) — U.S. mortgage applications dropped last week, as a jump in home loan rates sapped demand for refinancing, the Mortgage Bankers Association said Thursday. Average 30-year mortgage rates leaped 0.35 percentage points in the week …

Mortgage Applications Drop, Sapped by Refi Demand – CNBC
U.S. mortgage applications dropped last week, as a jump in home loan rates sapped demand for refinancing, the Mortgage Bankers Association said Thursday. Average 30-year mortgage rates leaped 0.35 percentage point in the week ended Jan. 16 to 5.24 …

U.S. MBA?s Mortgage Applications Index Dropped 9.8% Last Week – Bloomberg
Jan. 22 (Bloomberg) — Mortgage applications in the U.S. dropped last week, led by a slump in refinancing as borrowing costs jumped from a record low. The Mortgage Bankers Association?s index lost 9.8 percent to 1,195.3 for the week ended Jan. 16 …

US mortgage applications off with refi demand -MBA – Reuters
NEW YORK, Jan 22(Reuters) – U.S. mortgage applications dropped last week, as a jump in home loan rates sapped demand for refinancing, the Mortgage Bankers Association said on Thursday. Average 30-year mortgage rates leaped 0.35 percentage point in …

Refinances soar as mortgage rates dip – Toledo Blade
Thanks to falling mortgage interest rates, a Perrysburg homeowner suddenly has $230 a month extra to sock away in savings, pay bills, or splurge on a Cancun getaway. “Refinancings are up this year compared to last year,” said mortgage broker Shane …

Refinance? First, see whether you will save – Orlando Sentinel
When mortgage rates fell below 5 percent last month, broker Jeff Perdue’s phone lines lighted up as dozens of people tried to join the latest refinance boom. When the ringing stopped, only five were approved. The rest had good credit, good income and …

It’s Your Money: Mortgage loans – WTVD
RALEIGH (WTVD) — Eyewitness News kicks off a new series to help you, because it’s “your money.” Mortgage rates are near record lows and that has triggered a flood of applications to refinance more expensive home loans. But some experts warn there …

Loan Solutions Offers a Cutting Edge Refinance Program – Earthtimes
WEST PALM BEACH, Fla. – (Business Wire) Loan Solutions, Florida?s Premier Mortgage HelpCenter, has announced a short refinance program designed to reduce homeowners? principal balance and lower mortgage payments. The program alleviates some of …

Do your homework before refinancing mortgage, experts say – Charleston Gazette
CHARLESTON, W.Va. — With mortgage rates near historic lows, refinancing seems like an obvious way to cut costs, but homeowners should consider many factors before they refinance – and everyone’s situation is different, bankers and others say. For …

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