Nov 14th 2011 9:00AM
The refinancing market is hot right now. Last week, applications were up by more than 10 percent. But even if you can get approved by a lender--which is no easy task these days--that doesn't mean you should take whatever deal the bank offers you. "Today Show" real estate expert Barbara Corcoran has some strong advice,... Continue Reading »
Oct 24th 2011 10:15AM
WASHINGTON -- Seeking to circumvent congressional opposition, President Barack Obama will promote a series of executive branch steps aimed at jumpstarting the economy this week, beginning with new rules to make it easier for homeowners to refinance their mortgages. An administration official said the housing initiative... Continue Reading »
Aug 22nd 2011 4:40PM
Talk about pressure! Everyone and his brother is clenching a mortgage refinance application in his fist and rushing to a lender. With record-low interest rates, you'd be nuts to sit this one out, right? Actually, wrong. While no one disputes that mortgage rates really can't get much lower, there are certain homeowners... Continue Reading »
Nov 10th 2010 7:01AM
The housing market may be OK after all. The weekly mortgage application numbers are up for the third week in a row, with both refinances and purchases on the upswing. The Refinance Index rose 6.0 percent from last week and the seasonally adjusted Purchase Index grew 5.5 percent from the previous week, reports the Mortgage... Continue Reading »
Oct 28th 2010 4:07PM
Five years ago, New Jersey homeowner Bill Allard bought a house with a 30-year fixed mortgage at a rate of 5.75 percent. But with mortgage rates now below 5 percent, he's wondering if he should refinance his loan. "I could get a lower rate and my monthly payments will be less, but will I come out ahead in the long run?"... Continue Reading »
