Latest News in Refinancing Home Mortgages – May 27, 2010

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An FHA refinance loan or a second mortgage is great … – PRLog (free press r…
… recent housing crisis and its impact on reducing home values have in the process also reduced the equity which is available to support these types of loans … second mortgage loan, a fixed rate home equity line of credit, FHA refinance or home …

Getting Commercial Bad Credit Mortgage Refinance Critically Beneficial – PRLo…
?Just like residential bad credit home mortgage loans, a commercial bad credit mortgage refinance loan provides potential commercial property buyers with bad credit to purchase or refinance commercial properties. PR Log (Press Release) ? May 22 …

Home Refinancing Jumps While Purchasing Slumps – Banker & Tradesman Online
Mortgage applications to refinance home loans jumped to a seven-month high last week as rates neared record lows, but purchase demand remained stuck at a 13-year low. Interest rates on 30-year fixed-rate mortgages, the most widely used loan, reached …

New Home Sales Hit 2-Year High; Prices At Lowest Since 2003 – Consumerist.com
However, points out Reuters, the demand for loans to buy homes was still at a 13-year low as of last week, while mortgage applications to refinance home loans hit a seven-month high as rates neared record lows. And while there was a spike in new home …

Mortgage Rates Decline – Wall Street Journal
… mortgage rates can cut $250 off the monthly payment on a $400,000 30-year fixed-rate mortgage, giving consumers cash they can use to spend. Richard Hunsinger plans to refinance two loans on his Potomac, Md., home into a new 15-year mortgage this …

With Mortgage Rates So Low, Is Now the Time to Refinance Your Home … – ABC …
… rate is 4.19 percent, and rates for jumbos — loans … American home buyers, because international investors who are seeking a safe haven are putting money into U.S. treasury bonds, she said. Ten-year treasury bonds are tied to mortgage rates …

‘Cash-in’ refinance activity skyrockets – Yahoo Finance
Lenders typically require private mortgage insurance on loans for more than 80 percent of the home’s assessed value. Oftentimes, a refinance is not worthwhile if mortgage insurance is required. Falling home values can squeeze borrowers past that …

Home loans cheaper, but fewer qualify – Philadelphia Daily News
Home loan rates have fallen and customers are pushing in the door to refinance their loans, says Joe Blaston, who … Adjustable-rate loans are starting close to 3%. Who’s funding the big-mortgage business this time? “Particularly the banks are …

Mortgage Rates Fall to 4.8%, Home Buyers Still Scarce – Wall Street Journal
… the previous week, according to the Mortgage Bankers Association. While rates on 15-year fixed-rate loans rose to 4.25% from 4.19%, the average fees charged to borrowers fell, effectively lowering the rate. That helped refinance activity …

With mortgage rates low, is it time to refinance? – ConsumerReports.org (blog)
… the perfect time for home … of mortgage lenders to charge “prepayment penalties,” or fees borrowers will owe if they pay their loan off early. Those penalties could be banned for certain riskier mortgages and limited for traditional loans

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