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 [...]
Despite dire predictions of a spike in interest rates stemming from the downgrade of the U.S. credit rating by Standard & Poor’s, mortgage rates dipped again last week. Accordingly, applications for a mortgage refinance rose. The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey showed that overall, mortgage applications increased by 21.7 percent during the [...]
The Mortgage Bankers Association (MBA) says that applications for a home refinance rose by 6 percent in the week ending November 5, in part because of optimism about the economy. Mortgage rates were stable last week, dropping slightly on a 30-year fixed-rate home loan to 4.61 percent with 0.29 points, according to HSH.com. “The increases [...]
Not surprisingly, applications for a mortgage refinance rose last week as mortgage rates dipped slightly lower. The Mortgage Bankers Association (MBA) reported that for the week ending October 22, 2010, home loan applications rose by 3.2 percent. Refinancing applications represent 82.3 percent of those applications. According to HSH, mortgage rates dropped slightly last week for [...]
When comparing refinancing information from one lender to another, consumers usually evaluate the interest rate and loan type. But home loan borrowers should ask each lender for an estimate of the fees they need to pay when refinancing a mortgage. Many lenders offer an estimate of closing costs before they provide the official document known [...]
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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
