Latest News in Refinancing Home Mortgages – June 18, 2009

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Is Obama’s foreclosure rescue plan working? – CNN Money
Rivera applied in April to refinance his $352,000 mortgage, hoping to lower his 7% interest rate and save $600 a month. Though he can make his payments, he received no raise and only 20% of his usual bonus from ING, where he works as a quality …

Mortgage Refinance Loan – How to Get Approve – OpEdNews.com
Cash out home refinance loans available for bad credit and no credit people at best mortgage interest rates. No credit check, no closing cost and no doc mortgage refinancing loan at low interest rate. Getting a Mortgage Refinance Loan should not be …

Refinancings slip amid spike in rates – Denver Post
A spike in mortgage rates has dried up refinancing opportunities for many borrowers, despite a heavy government push to lower rates. Rates on 30-year mortgages averaged 5.6 percent last week, a sharp increase from rates below 5 percent in late May …

Low rates fuel Arkansas home-lending boom experts say – Arkansas Online
LITTLE ROCK ? Mortgage lenders are busy processing refinance and new purchase residential loans in numbers that mirror volumes of four years ago, some Arkansas mortgage experts said Wednesday. Although housing sales have been down for the past two …

LendingTree Launches New Customer Retention Product to Help Lenders … – Bi…
New Product Enables Lenders to Capture, Re-Direct and Retain Existing Customers Who are Actively Looking to Refinance Elsewhere CHARLOTTE, N.C., June 16 /PRNewswire/ — LendingTree, the nation’s number one online lending exchange, has introduced a …

Mortgage rates drop – Asbury Park Press
Fixed U.S. mortgage rates fell for the first time in four weeks easing concern higher borrowing costs would discourage refinancing and deepen the housing slump. The average 30-year rate dropped to 5.38 percent from 5.59 percent a week earlier …

Is Obama’s Financial-Reform Plan Bold Enough? – Time
Almost every reference to the financial regulatory plan that was unveiled today by President Obama is prefaced with something along the lines of “the most sweeping overhaul of financial regulation since the 1930s.” Obama himself used such language in …

Mortgage Application Volume Falls 16% – Worcester Business Journal
Home loan application volume was down 15.8 percent last week compared to the prior week, according to the Mortgage Bankers Association . The MBA’s weekly mortgage application survey market composite index hit 514.4, down from 611 the week before. The …

U.S. mortgage rates drop to 5.38 percent – AZCentral.com
June 18 — Fixed U.S. mortgage rates fell for the first time in four weeks, easing concern higher borrowing costs would discourage refinancing and deepen the housing slump. The average 30-year rate dropped to 5.38 percent from 5.59 percent a week …

Fresh look at bait-and-switch mortgage cases – Times Union
Home buying and mortgage refinancing are on the mind of many folks these days and I have upbeat and downbeat updates this week. Last week I profiled Stephen Hallgren, a Web developer, husband and dad who is a first-time homeowner in the city of …

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