Latest News in Refinancing Home Mortgages – Jan 29, 2009


House of cards – Toronto Sun
VANCOUVER — Record low interest rates are spurring more Canadians to refinance mortgages to consolidate debt, a trend that is expected to grow as Ottawa moves to encourage spending on housing. While refinancing your mortgage at a lower interest rate …

Mortgage Rates Up, Refinancing Applications Down – US News and World Report
Refinancing applications hit their highest levels in years after mortgage rates plummeted to record lows several weeks back, according to the Mortgage Bankers Association. But now that 30-year fixed rates have pushed back above 5 percent–to still …

Banks Tight On Loans Despite Low Interest Rates – CBS 3 Philadelphia
At a series of auctions in California this week, nearly 1,200 foreclosed homes are going at fire sale prices, reports CBS News Business Correspondent Anthony Mason. Home prices are still in freefall. And mortgage rates are near record lows. But even …

What you need to know about refinancing – Fort Lauderdale Sun-Sentinel
What you need to know If you want to refinance a mortgage, here’s a rundown of the new rules: You need a minimum credit score of 700 to get the best terms. Borrowers with lower scores can get financing, the lenders say, but will pay additional fees …

Homeowner is fed up with banks – AZCentral.com
Like others, I’m watching my pocketbook and looking for ways to save a few bucks. With home-mortgage interest rates lower now than when we bought our house in 2006, we wanted to refinance to get a lower rate and save on our monthly payment …

Housing prices in Rhode Island sink to 2003 levels – Providence Journal
The value of single-family houses fell dramatically last year compared with the year before, according to figures released today by the Rhode Island Association of Realtors. At the same time, the number of days a house stayed on the market rose …

To Refinance Or Not To Refinance? – CBS News
The Early Show money maven offers advice to keep your financial house in order. (CBS) With mortgage rates at historic lows, many homeowners are mulling refinancing. And in this column, The Early Show financial guru Ray Martin says waiting could mean …

Column: It might be time to refinance – Star-Press
The holidays brought an early gift this year in the form of lower interest rates. Now is the time to contact a lender to see if you would benefit from refinancing your mortgage loan(s). You can start with the lender who currently holds your loan, but …

With rates at historical lows, now is the time to refinance – Gulf Breeze News
Co-Branch Managers John Scapin, Michael Scapin and Will Myers have been in the mortgage business for the past 10 years and bring a wealth of experience in VA, FHA and conventional loans to the table. As a full-service mortgage company not encumbered …

Mortgage Rates Rise Slightly, Application Volume Drops – Nuwireinvestor.com
A slight increase in mortgage rates?agin topping 5 percent for some lenders?has caused significant shifts in mortgage application volume in the last week. For more on this, read the following article from HousingWire : Raw mortgage application …