ADV: Refinance Rates Just Got Lower
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NEW YORK, Aug 18  - New applications for US home loans rose last week while refinancings surged, as 30-year mortgage interest rates fell to their lowest level in over four months, an industry group said on Wednesday.
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Fed moves don't always mean lower rates for borrowers.
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Long-term mortgage rates aroundthe United States moved up this week, but rates on 30-year mortgages for all of 2004 registered their second-lowest year on record, the mortgage wholesaler Freddie Mac reported Wednesday.
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The refi boom was .... well, so last  year. Now it's time to arrange a home equity line of credit  that you can use as you'd like.
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YESTERDAY Close $60.07 Change -$3.18 52-WEEK High $71.92 Low $54.97 Freddie Mac, the nation's number two buyer and backer of home mortgages, set aside more than $300 million in the second quarter to account for bad loans, contributing to a 45 percent drop in profit.
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By Malcolm Moore, Economics Correspondent (Filed: 26/11/2004). Increasing numbers of homeowners are renegotiating their mortgages to take advantage of the slowing property market, the British Bankers Association said yesterday.
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Rates on 30-year and 15-year mortgages dipped this week, good news for prospective home buyers. Freddie Mac&#39;s weekly survey released Thursday showed that rates on 30-year, fixed-rate mortgages declined to
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Rates on 30-year and 15-year mortgages fell this week to the lowest levels seen in six months, good news for people wanting to buy a home or refinance.
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Is the housing slump really that bad? After all, the S&amp;P 500 last week fell more in a single day (3.5 percent) than home prices have fallen in the past year nationally (3.1 percent).
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The homeowners who signed these mortgages must be held accountable somehow ("State to refinance troubled mortgages," July 11). Yes, the mortgage companies may have taken advantage, but if the homeowners had hired an attorney or did their homework, there wouldn't be a problem. This is like rewarding stupidity.
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More than a fifth of people who have come off fixed-rate mortgages have found it hard to meet their repayments.
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Interest rates on U.S. 30- and 15-year mortgages fell this week to their lowest levels since early April as the housing market showed little sign of slowing despite the Federal Reserve's move to raise interest rates, mortgage finance company Freddie Mac said on Thursday.
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Hawaii mortgage rates fell an eighth of a point to a prevailing 30-year rate of 5.25 percent this week, but even this may not be the low points, thanks to a downtrend in the interest rates paid on 10-year Treasury notes.
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Mortgage rates around the country went up this week, with 30-year mortgages climbing to the highest level since early September. Freddie Mac, in its weekly survey released Thursday, reported that rates on