Monthly Archives: January 2008

Getting The Best Deal

Lita Epstein writes about refinance for WalletPop. She advises it if your interest rate will go down by at least 1% and the new loan does not ask you to pay points. In most cases, a refinance is only worth … Continue reading

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Stop Waiting To Refinance

Brett Arends writes in the WSJ about the Fed’s latest moves. He says you should refinance now. He advises that thirty-year fixed rates have bottomed out. The yield on 30-year Treasurys rose nearly a tenth of a percentage point this … Continue reading

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I’ve Launched LukeFord.tv!

I’ve created an index of the best YouTube videos in the following categories: Credit: Bad Credit California Refinance Loan Consolidate Student Loans Credit Cards Credit Counseling Credit Relief Credit Reports Credit Score Debt Debt Consolidation Debt Refinance Equity Heloc Home … Continue reading

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Where Are The Home Buyers?

Diana Olick writes for CNBC about the survey of loan applications from the Mortgage Bankers Association. She says it’s telling the truth about mortgages. Lower rates are not bringing more buyers. They’re prodding home owners to refinance. I like to … Continue reading

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Mortgage Applications Up

The Associated Press reports that mortgage applications were up 7.5% during the week ending Jan. 25. That’s according to the trade group Mortgage Bankers Association’s weekly application survey.The MBA’s application index rose to 1,054.9 from 981.5 the previous week. Application … Continue reading

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What To Consider For Your Refinance

Kimberly writes for US News about homeowners hoping to snag lower mortgage rates. Refinance applications are up almost 100% since Nov. 1, 2007. But whether it’s a good idea to refinance depends on more than just the interest rate. Refinancing … Continue reading

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Refinance.com Cites Lowest Mortgage Rates Since March 2004 After Latest Fed Action

NEW YORK, Jan. 30 /PRNewswire/ — Refinance.com, the nation’s premier source for home mortgage refinancing, is reporting fixed mortgage rates at their lowest levels since March 2004. As a result of today’s actions by the Federal Reserve to lower interest … Continue reading

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FBI Investigates The Subprime Mess

The New York Times says the Federal Bureau of Investigation is investigating 14 companies in the mortgage industry: The F.B.I. said it was looking into possible accounting fraud, insider trading or other violations in connection with loans made to borrowers … Continue reading

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Refinancing Rush

If you have two loans on a property, often called 80/20 loans, if you have investment property, second homes, ARMS, interest-only loans, you will benefit significantly from refinancing. The Charlotte Observer says: Although some of these homeowners got great deals, … Continue reading

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Who Should Refinance?

The Charlotte Observer says homeowners are eager to consolidate their loans, ditch their ARM mortgages and lock in fixed-rate loans. Almost anyone who has taken out a loan in the past three years can benefit from refinancing. Nationally, mortgage refinancing … Continue reading

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