CoreLogic, a provider of mortgage data, released data on November 29 showing that 22.1 percent of all homeowners with a mortgage owed more than the value of their home during the third quarter of 2011. This represents a slight decrease compared to the previous quarter. Underwater homeowners have been unable to refinance into lower mortgage [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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