Learning about Re-Financing Online To get started with the process of refinancing home loans, you need to learn what refinancing is all about and what the purpose is. Basically, refinancing is paying off an existing loan and replacing it with a new one. The most basic reason for doing this is to obtain a lower [...]
Latest News in Refinancing Home Mortgages – Feb 12, 2009
February 12, 2009 By Leave a Comment
When NOT to refinance your home – ABC2 News The chance to refinance a mortgage at a lower interest rate is sure to get a homeowner’s attention. But it’s not always the right decision. Having bragging rights at the neighborhood picnic isn’t a reason to refinance. Instead, it’s good to put some … See today’s [...]
Latest News in Refinancing Home Mortgages – Feb 05, 2009
February 5, 2009 By Leave a Comment
Mortgage applications up as refinancing jumps – Reuters NEW YORK (Reuters) – U.S. mortgage applications rose in the last week of January, reflecting strong demand for home refinancing loans even as interest rates rose to their highest levels since early December, industry data showed on Wednesday. Home … Is now the time to refinance? – [...]
Latest News in Refinancing Home Mortgages – Jan 29, 2009
January 29, 2009 By Leave a Comment
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 [...]
Latest News in Refinancing Home Mortgages – Jan 22, 2009
January 22, 2009 By Leave a Comment
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 [...]
Latest News in Refinancing Home Mortgages – Jan 15, 2009
January 15, 2009 By Leave a Comment
Benchmark US mortgage rates hit record low – Financial Times The average rate for benchmark US mortgages fell to a record low level last week, according to the Mortgage Bankers Association. The 30-year fixed home loan rate averaged 4.89 per cent, below the previous all-time low of 4.99 per cent set in June … Mortgage [...]
Latest News in Refinancing Home Mortgages – Jan 08, 2009
January 8, 2009 By Leave a Comment
Paulson calls for replacing Fannie/Freddie – Birmingham Business Journal Outgoing U.S. Treasury Secretary Henry Paulson reflected on the downfall and future of embattled mortgage giants Fannie Mae and Freddie Mac in a speech before the Economic Club of Washington on Wednesday. He argued that there was widespread … Mortgage rates hit record low again – [...]
Latest News in Refinancing Home Mortgages – Dec 25, 2008
December 25, 2008 By Leave a Comment
Mortgage rates drop to lowest in 37 years – Economic Times NEW YORK : Interest rates on US 30-year fixed-rate mortgages dropped to their lowest level in 37 years this week, largely due to an unprecedented intervention by the Federal Reserve, according to a survey released on Wednesday by home funding company … Mortgage refinancing [...]
Latest News in Refinancing Home Mortgages – Dec 18, 2008
December 18, 2008 By Leave a Comment
Calls to refinance surge – Canton Repository Mortgage brokers reported a surge of calls from borrowers seeking to take advantage of the Fed?s extraordinary decision Tuesday to lower their prime lending rates from 4 percent to 3.25 percent. Some brokers were quoting mortgage rates of close to … Borrowers rushing to refinance loans as rates [...]
Latest News in Refinancing Home Mortgages – Dec 11, 2008
December 11, 2008 By Leave a Comment
Mortgage rates foreseen under 4% – Baltimore Sun WASHINGTON Government efforts to provide easier credit to consumers and to help housing finance companies could push mortgage rates “well below 4 percent,” a federal regulator said yesterday. James Lockhart, whose agency oversees government … Bernanke Urges Home Loan Help – Washington Post The government needs to [...]
