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 [...]
While mortgage rates stayed low last week, fewer homeowners applied for a home refinance. One possible reason may be that home prices remain flat or have dropped in 19 of 20 cities, according to the S&P/Case-Shiller Home Price Index. The Refinance Index, which reports how many homeowners apply for a mortgage refinance each week, dropped [...]
The spike in mortgage applications during the week ending January 13, 2012 was followed by a dip in the number of applications last week, according to the Mortgage Bankers Association (MBA). Mortgage rates also rose slightly last week. While mortgage applications may have declined because of the slight uptick in mortgage interest rates, the decrease [...]
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5 good reasons to refinance your home with an FHA mortgage Should you consider cash-out refinancing?
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Mortgage rates dip lower Refinance activity and home prices decline
