Tag Archives: Refinance
Banks can’t say no to refis? Huh?
Banks can’t say no to borrowers who want to refinance their mortgages.
In short, that’s what Shaun Donovan, secretary of the Department of Housing and Urban Development, said when asked by a reporter if he believed lenders were going to embrace the Fed… Continue reading
Low rates spur refinancing wave
Applications for mortgages jumped 23 percent last week, largely due to homeowners taking advantage of record-low rates to refinance, according to the Mortgage Bankers Association. The refinance portion of total mortgage activity was 82 percent.
But as … Continue reading
Banks offer refinance incentives
If you’re still waiting to refinance, now may the time to snag the best deals. Not only are mortgage rates at near-30-year lows, but applications for refinances are down, prompting some banks to seek ways to encourage homeowners to get off the fence.
T… Continue reading
HARP 2 details emerge
For underwater homeowners who want to refinance their mortgages, the details of HARP 2 are coming into focus.
HARP 2 is a liberalized revision of the Home Affordable Refinance Program. (See Bankrate’s HARP page.) HARP’s goal was to allow homeowners to … Continue reading
HARP 2 details emerge
For underwater homeowners who want to refinance their mortgages, the details of HARP 2 are coming into focus.
HARP 2 is a liberalized revision of the Home Affordable Refinance Program. (See Bankrate’s HARP page.) HARP’s goal was to allow homeowners to … Continue reading
New HARP refinance announced
An improved refinance program that is expected to allow millions of underwater borrowers to refinance their mortgages was just announced.
Borrowers will be able to refinance their mortgages owned by Fannie Mae and Freddie Mac under the Home Affordable … Continue reading
Can this HARP be saved?
Let’s see if the new, improved home refinance program goes any further toward pumping life into the stagnant housing market. On Monday, the Federal Housing Finance Agency, or FHFA, the government agency that controls Fannie Mae and Freddie Mac, announ… Continue reading
Lower rates, fewer loans
Lower interest rates were not enough to spur home sales and refinances last year, shows a study by the Federal Reserve.
Even though mortgage rates in 2010 were significantly lower than in 2009, lenders originated about one million fewer mortgages last … Continue reading
How low can rates go?
Thinking about getting a mortgage? You had better get started quickly.
Mortgage rates embarked on a downward spiral after the Fed announcement of Operation Twist. They will attract refinancers like moths to a flame, mortgage experts say.
“Homeown… Continue reading
Another bailout plan?
With the housing market in an unrelenting national depression, the Obama Administration is seeking solutions and Federal Housing Finance Agency acting director Edward DeMarco is feeling the heat.
One proposal put forth by President Barack Obama will ma… Continue reading