May 9th 2012 2:00PM
NEW YORK -- With mortgage rates setting record lows, refinancing has an obvious appeal to any homeowner who passed up earlier opportunities. In fact, refinancing could make sense even for those who got their current mortgage as recently as a year ago. Today, the 30-year fixed-rate loan charges a mere 4 percent, according... Continue Reading »
Nov 9th 2011 11:00AM
Mortgage applications increased 10.3 percent this past week as more homeowners refinanced existing mortgages or took advantage of lower interest rates to buy homes. The Mortgage Bankers Association said its market composite index -- a measure of loan application volume -- increased 10.3 percent on a seasonally adjusted... Continue Reading »
Oct 5th 2011 1:30PM
The $8 billion Federal Housing Administration Short Refi program, launched in September 2010 to refinance underwater mortgages, helped 301 borrowers in 11 months, according to Department of Housing and Urban Development data analyzed by HousingWire. The program was initially expected to reach between 500,000 and 1.5... Continue Reading »
Feb 16th 2011 11:40AM
Nothing's a sure thing with mortgage rates, and the longer you wait, the greater your chance of missing a prime opportunity to refinance your home mortgage. That was the message from a recent video interview with Jean Chatzky, finance editor for NBC's Today Show. Nikhil Hutheesing from our sister site, DailyFinance, asked... Continue Reading »
Jan 27th 2011 10:14AM
With the housing market on the slow path to recovery, many brokers continue to offer low-cost refinances -- a mortgage payment revamping that covers closing costs -- to sweeten the deal for homeowners. According to mortgage broker Kirk Tatom of Dallas-based Tatom Lending, a low-cost refinance also referred to as a... Continue Reading »
