For the week, applications to refinance a home loan fell 5%. Demand was 31% lower than a year ago and the lowest level in over a year. Most borrowers have already refinanced to lower rates or are unable to qualify for a refinance at today's rate. The refinance share of mortgage activi...
This sentiment could be true, but with rates at historic lows, borrowers are unlikely to see rates lower than this again. In order to not miss out on the lowest rates, you’ll likely ever find, use anonline mortgage refinance calculatorto determine new monthly costs. Using the calculator al...
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"The market is moving ahead of the Fed, bringing down longer-term rates including those for mortgages, which should lead to both more home purchases and a pickup in refinance activity," wrote Mike Fratantoni, chief economist for the Mortgage Bankers Association, in a news release....
Save By Shaving 5 to 22 points off Your Mortgage. Rates are still low historically, so if you qualify, this may be the right time to buy an adjustable rate mortgage, suffer for a while and then refinance when rates fall. See the 3 month and 6 month forec
American Federal Mortgage had utterly unbeatable rates and fees for conventional mortgages even when compared to other online lenders, and certainly when compared to local lenders. I had multiple lenders both online and local that said they simply couldn't match the rate... ...
His decision: to refinance the remaining $450,000 on his 30-year, fixed-rate loan with a 7.25% interest rate through Atlanta's Citizens Trust Bank. By refinancing to a 30-year, fixed-rate loan at 6.25%, the owner-operator of C.D. Moody Construction Co. Inc. (No. 92 on the BE ...
t since the '70s]]>Bill Rumbler
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The data showed that homeowners with high mortgage rates continued to utilize thedip in borrowing costs to refinance their home loans. Refinancing last week was 106% higher than a year ago. “With rates almost a full percentage point lower than a year ago, refinance applications continue to run...