|
||||||
|
|
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 [...] According to this article from the AP, new home sales fell 7.6% last month. The Commerce Department said December sales fell to a seasonally adjusted annual rate of 342,000 from an upwardly revised November pace of 370,000. Economists surveyed by Thomson Reuters had forecast a pace of 370,000 for December. It’s mildly surprising given [...] 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 [...] 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 [...] |
 
|
||||
|
Copyright © 2010 Simple Debt-Free Finance - All Rights Reserved |
||||||
Popular Posts