While mortgage rates still remain extremely low, they have crept up in recent days above their record lows. In response, fewer homeowners applied for a mortgage refinance last week, perhaps because they are waiting to see if mortgage rates decline again. The Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey for the week ending March [...]
Mortgage rates dropped again this week, but refinance applications also declined. One bright spot that may change the refinance picture for homeowners is that the long-awaited revised version of the Home Affordable Refinance Program (known as HARP 2.0) should finally get off the ground this month. Homeowners who owe more on their mortgage than the [...]
Applications for a mortgage refinance dipped again during the week ending March 2, 2012 in spite of continued low mortgage rates. The cost of refinancing, low home equity and stricter mortgage qualification guidelines are all factors that have slowed homeowner interest in refinancing. If you have toyed with the idea of a home refinance but [...]
In spite of continued low mortgage rates, applications for a home refinance dropped last week. Home prices are reported to have dropped, leaving many homeowners without sufficient equity to refinance. The Mortgage Bankers Association (MBA) reported that applications for mortgage refinancing declined by 2.2 percent during the week ending February 24, 2012 compared to the [...]
If you have considered refinancing your 30-year home loan but don’t want to start the clock again and pay your mortgage for another 30 years, then an alternate loan term may be for you. The Mortgage Bankers Association (MBA) reports an increase in the number of refinancing homeowners who opt for a loan term other [...]
The majority of mortgage applications these days are for homeowners refinancing their home loans, according to the Mortgage Bankers Association (MBA). Refinancing borrowers tend to pick a fixed-rate home loan and many are also choosing to shorten their loan terms. The MBA’s Refinance Index for the week ending February 10, 2012 showed that refinance applications [...]
Mortgage rates reached record lows for 30-year fixed-rate home loans, 15-year fixed-rate home loans and for a 5/1 adjustable rate mortgage last week and homeowners jumped at the opportunity to refinance. Applications for a mortgage refinance increased 9.4 percent during the week ending February 3, 2012 compared with the previous week, according to the Mortgage [...]
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Those in the housing industry believe they're starting to see it come back. While home prices may not have hit bottom, they all believe it's a great time to buy. Read More>>
5 good reasons to refinance your home with an FHA mortgage Should you consider cash-out refinancing?
If you are a good credit risk, always pay your mortgage on time and have a steady income, you may have received a refinance offer from your mortgage lender. Before you agree to the offer, though, you Read More>>
Mortgage rates dip lower Refinance activity and home prices decline
