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 [...]
If your New Year’s resolution was to apply for a mortgage refinance, you are not alone. More refinancing applications were completed during the first week of 2012 than during the holiday season, even when adjusted for vacation days. The Mortgage Bankers Association (MBA) reported that for the week ending January 6, 2012, the Refinance Index, [...]
Mortgage refinancing applications decreased last week in spite of continuing low mortgage rates. While the possibility of refinancing to a lower interest rate is enticing to many homeowners, those who have yet to refinance in 2011 are likely unable to qualify due to declining home values and a weak economy that has reduced incomes and [...]
Many homeowners have decided a new home loan should be part of their financial resolutions for 2012, as mortgage applications for a home refinance rose last week. The Mortgage Bankers Association (MBA) reported a sharp increase in the number of applications for mortgage refinancing during the week ending December 2, up 15.3 percent over the [...]
Low mortgage rates offer several options for homeowners with enough equity to refinance. While the most popular option for homeowners is to reduce their monthly mortgage payment with a home refinance, some borrowers choose instead to shorten their loan term to pay off their entire loan more quickly. According to Freddie Mac, 95 percent of [...]
While the Federal Reserve says that the economic slowdown is likely to continue into 2012 and beyond, homeowners who want to refinance are also in an economic slump. According to the Mortgage Bankers Association’s (MBA) Refinance Index for the week ending October 28, 2011, applications for a home refinance declined by 0.2 percent over the [...]
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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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
