Mortgage Refinance Trends: New Wave Spurs 6-Week High Demand.
It looks like there’s a “mini-wave” of mortgage refinancing that’s been pushing the rate of applications up to a six week high. But the home buyer tax credit doesn’t expire until the end of April, and that doesn’t apply to refinancing anyway, so why the rush?
The rush may be due to the anticipated end to [...]
U.S. Mortgage Refinancing Applications Rose in the First Week of 2010.
It seems like only yesterday that we were hearing about Option ARM Mortgage rates resetting, and that holders of those loans were unable to refinance because their house was worth less than the mortgage…. Oh, wait… it was yesterday.
Well, even so, things appear to be confusing in the housing market and mortgage industry [...]
A New Wave of Adjustable Rate Mortgages About to Reset.
A recent article from CNBC, More Homeowners Struggling As Option ARMs Reset Higher warns about thousands more homeowners are about to be squeezed out of their homes as option ARM mortgages reset to new, higher levels.
It’s been an often talked about danger on the horizon, but it appears that the horizon is now here:
“It’s going [...]
Mortgage rates on the rise again.
After mortgage rates dropped to record lowsa few weeks back, they really had little room to keep falling. It should come as no surprise then that we now see rates on the rise again. According to Bankrate.com’s national survey of lenders, the average 30 year fixed rate jumped 9 basis points up to 5.13%. [...]
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