Latest News in Refinancing Home Mortgages – May 28, 2009

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Rising rates sink mortgage applications – CNN Money
NEW YORK (Reuters) — The highest home loan rates in more than two months drained demand for refinancing last week, dragging total U.S. mortgage applications to the lowest level since early March, the Mortgage Bankers Association said on Wednesday …

Don?t fall prey! How to spot home predators – Today Show
Fraudulent foreclosure consultants use half-truths and outright lies to lure in clients and promise money-back guarantees. They market their services aggressively by phone, e-mail, late-night TV ads, leafleting church parking lots, posting fliers on …

Fremont Bank Processing $113 Million in Mortgage Loans Through New … – Tra…
This new refinance program helps responsible homeowners who have been impacted by sharply declining home values by making it possible for them to refinance their higher rate mortgage into a lower rate mortgage, which in turn lowers their monthly …

Tuesday’s rally erased as dow falls nearly 174 points – Chicago Tribune
The stock market put its rally back on hold as investors worried about rising borrowing costs. The Dow Jones industrial average fell almost 174 points Wednesday, erasing most of the previous day’s rally, as a jump in government bond yields fanned …

Fremont Bank Processing $113 Million in Mortgage Loans Through New … – Bus…
Without the ?Making Home Affordable? Program Released in March 2009, Many Families Would Not Be Able to Refinance Mortgages Due to Declining Home Values FREMONT, Calif.–( BUSINESS WIRE )–In its ongoing effort to provide affordable mortgages to …

Mortgage applications fell 14.2% last week: MBA – Marketwatch
CHICAGO (MarketWatch) — Mortgage applications filed last week fell a seasonally-adjusted 14.2% last week, compared with the week before, as rates on 30-year fixed-rate mortgages ticked up, according to the Mortgage Bankers Association’s weekly …

Mortgage and refinancing options got you confused? A new web tool can … – …
Wondering if you can qualify for President Obama’s mortgage-assistance program? Or just wondering what type of programs are available to refinance? Now one place has all those answers, and will even provide an assessment of your financial position …

Mortgage Rate Update and Class is in session! – San Francisco Examiner
Mortgage rates as of today for our loveable POV* home loan started great but 8 of my “go-to-lenders” have repriced once and some twice at a higher rate already today. Conforming Loans ($417K max) at 4.625% with Jumbo Conforming (up to $729,750K) at 4 …

Mortgage applications rise as interest rates drop – USA Today
But demand for home purchase loans dropped. The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, rose 2.3% to 915.9 the week ended May 15. David Adamo, CEO of …

Existing home sales rise as low prices lure buyers – USA Today
The Standard & Poor’s/Case-Shiller nationwide housing index focuses on major metropolitan areas and includes expensive properties as well as cheaper ones. The S&P/Case-Shiller indexes use only purchase prices gathering information from county …

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