By Michele Lerner on October 27, 2011
Homeowners who have kept up-to-date with their mortgage payments but have been locked out of the refinancing rush because they have little or no equity are about to get some relief from an expansion of an existing federal government program. President Obama announced that the Home Affordable Refinance Program (HARP), which started in 2009, has [...]
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By Michele Lerner on October 20, 2011
The Mortgage Bankers Association (MBA) reports that applications for a home refinance decreased by 16.6 percent during the week ending Oct. 14 compared to the previous week, in part because of a slight rise in mortgage rates. While homeowners apply for a home refinance when mortgage rates are low, the extended period of low rates [...]
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By Michele Lerner on October 13, 2011
Mortgage applications for a home refinance rose by 1.3 percent for the week ending October 7, 2011 compared to the previous week, according to the Mortgage Bankers Association (MBA). Government-insured FHA refinance applications rose by nearly ten percent last week. If you have been watching mortgage refinancing rates drop in recent months and been frustrated [...]
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By Michele Lerner on October 6, 2011
Refinancing rates have slowed recently in spite of historically low mortgage rates, but among those homeowners who can qualify for a home refinance, 15-year fixed-rate mortgage loans have become more popular. The Mortgage Bankers Association (MBA) reported that applications for a home refinance decreased by 5.2 percent during the week ending September 30, 2011 compared [...]
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By Michele Lerner on September 29, 2011
Mortgage rates on 30-year fixed rate home loans dropped again last week and refinancing applications surged by 11.2 percent over the previous week. The Mortgage Bankers Association’s Weekly Refinance Index for the week ending September 23, 2011 showed not only an increase in the number of homeowners completing a refinance application, but also an increase [...]
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By Michele Lerner on September 22, 2011
The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 16, 2011 showed an increase of 2.2 percent in refinance applications over the previous week. Record low mortgage rates drove the renewed interest in refinancing. While bad economic news has tugged consumer confidence down and created a gloomy atmosphere within the [...]
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By Michele Lerner on September 15, 2011
If you would like to refinance but are underwater, owing more on your mortgage than your home value, you are not alone. The good news, though, is that the number of underwater homeowners dropped in the second quarter of 2011. According to CoreLogic, about 22.5 percent of homeowners with a mortgage were underwater as of [...]
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