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 [...]
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 [...]
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 [...]
Extremely low mortgage rates did nothing to bump up the number of mortgage refinancing applications during the last week of summer. The Mortgage Bankers Association (MBA) reported in its’ Weekly Mortgage Applications Survey for the week ending September 2, 2011 that applications for mortgage loans decreased by 4.9 percent from the previous week. The Refinance [...]
Mortgage rates for the week ending August 26, 2011 remained relatively unchanged, with mortgage loans still available at historically low rates. Yet refinancing applications declined for the second week in a row, according to the Mortgage Bankers Association (MBA). While homeowners along the East Coast last week were distracted by an earthquake and preparations for [...]
Mortgage rates continued to drop during the week ending August 12, enticing more homeowners to apply for a mortgage refinance. According to the Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey, refinance application volume increased by 8 percent over the previous week, rising to 78.8 percent of all loan applications. Mortgage loans with fixed-rate most [...]
Plenty of homeowners try to time the market just right in order to snag the lowest possible mortgage interest rates for their home loan, but even financial experts have a hard time gauging the exact moment when mortgage rates are at their lowest point. The Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey for the [...]
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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
