Refi rescue
Hundreds of thousands of homeowners who may struggle to make mortgage payments are likely to get some relief in coming months, including more options to refinance into lower-cost, fixed-rate loans and tax relief if they do face foreclosure.
mortgage Applications See Decline
The mortgage Bankers Association announced this morning that applications for mortgage loans slipped 4 percent last week when compared to the week prior. Quicken Loans Chief Economist Bob Walters says that applications have been negatively impacted by the recent tightening of credit.
mortgage reset shock: Not so bad
The number of adjustable rate mortgages (ARMs) up for reset is set to peak this fall, with an estimated $50 billion worth poised to adjust to higher rates in October.
mortgage Activity Down After Weeks of Increases
Following two-consecutive weeks of increases, fewer Americans applied for a mortgage last week as compared to the one that preceded it. Bob Walters, Chief Economist of Quicken Loans, says this is just another example of the expected ups and downs the housing market will experience in the months to come as it works to solidify itself.
PMI - Pay it Forward With LPMI
Avoid paying PMI. Opt for lender-paid mortgage insurance (LPMI).
Initial Jobless Claims in Sideward Trend But Continuing Claims Creeping Higher
4 Responses to “Refi rescue”
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September 14th, 2007 at 10:32 pm
[…] Refi rescue Hundreds of thousands of homeowners who may struggle to make mortgage payments are likely to get some relief in coming months, including more options to refinance into lower-cost, fixed-rate loans and tax relief if they do face foreclosure. mortgage Applications See DeclineThe mortgage Bankers Association announced this morning that applications for mortgage loans slipped […] […]
September 15th, 2007 at 4:40 am
[…] Refi rescue Hundreds of thousands of homeowners who may struggle to make mortgage payments are likely to get some relief in coming months, including more options to refinance into lower-cost, fixed-rate loans and tax relief if they do face foreclosure. mortgage Applications See DeclineThe mortgage Bankers Association announced this morning that applications for mortgage loans slipped […] […]
September 17th, 2007 at 1:58 pm
[…] Refi rescue Hundreds of thousands of homeowners who may struggle to make mortgage payments are likely to get some relief in coming months, including more options to refinance into lower-cost, fixed-rate loans and tax relief if they do face foreclosure. mortgage Applications See DeclineThe mortgage Bankers Association announced this morning that applications for mortgage loans slipped […] […]
September 24th, 2007 at 12:22 pm
[…] Refi rescue Hundreds of thousands of homeowners who may struggle to make mortgage payments are likely to get some relief in coming months, including more options to refinance into lower-cost, fixed-rate loans and tax relief if they do face foreclosure. mortgage Applications See DeclineThe mortgage Bankers Association announced this morning that applications for mortgage loans slipped […] […]