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Bankrate: Mortgage Rates Set 4th New Record in a Row
NEW YORK, May 16, 2012 /PRNewswire/ -- Mortgage rates fell for the seventh time in the past eight weeks and set a new record for the fourth consecutive week. The average rate on the benchmark 30-year fixed ... (Wed, 16 May 2012 15:10:00 -0700)
Home Sales Jump – Arizona State Credit Union Ready with New Loans
Arizona State Credit Union added construction loans to its home loan portfolio in anticipation of an improving economy, as evidenced by the 27 percent growth of new home sales in M (Wed, 16 May 2012 16:17:00 -0700)
Should I refinance my underwater mortgage?
Dear Dr. Don, I have an existing 5/1 adjustable-rate mortgage, and my house is underwater. My loan adjusted three years ago. Although my rate is low now, I want to refinance to a fixed rate, but I don't have any equity in the home. My house is appraised at $310,000, but I owe $327,000. (Thu, 17 May 2012 04:32:11 -0700)
Mortgage refinancing applications jump; rates fall: MBA
NEW YORK (Reuters) - Applications for U.S. home mortgages surged last week, driven by increased demand for refinancing as interest rates hit fresh lows, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, jumped 9.2 percent in the week ended May 11. The ... (Wed, 16 May 2012 04:05:00 -0700)
Mortgage Debt Hindering Retirement Planning: BMO Study
TORONTO, ONTARIO-- - BMO Financial Group released a study today indicating that many Canadian homeowners are feeling the pinch of balancing mortgage responsibilities with saving for retirement.The survey, ... (Wed, 16 May 2012 06:00:00 -0700)
Kiwibank cuts home loan rates
Another shot across the bows as banks compete for home-loan customers. (Wed, 16 May 2012 17:34:06 -0700)
FHA streamline refinance gets cheaper
The government is about to make refinancing FHA mortgages more affordable -- and potentially easier -- for hundreds of thousands of homeowners. The Federal Housing Administration will reduce mortgage fees significantly for borrowers who qualify for the FHA's streamline refinance program. (Thu, 17 May 2012 04:32:51 -0700)
Mortgage applications rise on refinancing
Continuing declines in fixed interest rates prompted a 9.2 percent increase in mortgage applications last week, the Mortgage Bankers Association reported Wednesday. Most of the increase came, however, from refinancing. The percentage of loans for refinancing increased to 74.9 percent from 72.1 percent the previous week. The percentage of mortgages for buying a house fell 2.4 percent from the ... (Wed, 16 May 2012 10:20:21 -0700)
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