Tag Archives: Refinancing
5 ways and reasons to refinance your mortgage
Mortgage rates have fallen to near record lows since last month’s Brexit vote, and many homeowners are refinancing. There’s more than just 1 way to refinance. Here are some of your options. Continue reading
How to figure out whether you should refinance the mortgage
A reader named Oscar notices that mortgage rates are near all-time lows. He asks: Mr. Lewis, what about people with less than a year-old loan — a 30-year fixed at 4%? Probably refinancing at 3.25%. Would it be worth the time on line in the bank? That’… Continue reading
Why you should consider locking your rate today
A word of caution to people who have are in the process of getting a mortgage and haven’t locked a rate: The June employment report comes out Friday morning, and it could affect mortgage rates. I’m not saying it will, but it could. RATE SEARCH: Shop to… Continue reading
Good day to refinance, due to bond plunge
Mortgage rates are at or near record lows. It’s a good time to refinance a mortgage, especially if you got your mortgage more than 5 years ago and you haven’t refinanced since then. Mortgage rates have fallen along with the yield on the 10-year Treasur… Continue reading
I can’t believe I haven’t refi’d
When 65 percent of homeowners say they are “very confident” that they know their mortgage rate, most of them are overconfident. Continue reading
HARP gets 2-year extension
You have been given a two-year extension to refinance your underwater home under HARP. Continue reading
Double benefit of refinancing
With mortgage rates dropping, homeowners are quick to realize the double benefit of refinancing now. Not only do they get a low rate that reduces their monthly payments, they are also locking in a shorter duration to be free of debt sooner and build u… Continue reading
Less refinancing, more profit
Banks are making money from fewer mortgages, but next year looks quite different. Continue reading
White House focuses on mortgage fix
It seems that mortgages, and the housing market in general, are on the front burner for the Obama administration heading into election season. 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