Category Archives: Refinance

PBS Frontline Tackles Money, Power And Wall Street

Watch the three hours and 47 minutes of four total shows here. I love PBS Frontline. I think it tends to be fair and to be journalistically solid. The show does have a definite pro-regulation bias. Whether it is tackling … Continue reading

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Mortgage Rates At Record Lows

Why are mortgage rates so low? Because demand is so weak for mortgages. With economic prospects uncertain, fewer Americans than is normal are in the market for a mortgage, so it is in lender’s interest to make their mortgages as … Continue reading

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How Good is your Good Credit Score?

If you’re getting ready to apply for a home loan for either a purchase or refinanced, the best way to get the best rate is to make sure your credit score is as high as they can be. The most … Continue reading

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Refinance Your Mortgage Now as Interest Rates take a Plunge in 2012

Sarah Sentor writes: Though we would have hoped otherwise, the first quarter of 2012 did not bring any stability to the fluctuating interest rates of the real estate market. The mortgage interest rate actually dropped to an all time low … Continue reading

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How Mortgage Refinancing Helped Fuel the Sub-Prime Mortgage Crisis

June Olsen writes: In the current economic climate, homeowners often feel the need to have substantial cash reserves available for medical expenses, remodeling projects, or to pay off consumer debt. Others may look to lower their mortgage payments in light … Continue reading

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Freddie Mac Asks For More Government Help

So far taxpayers have paid out about $170 billion to subsidize Fannie Mae and Freddie Mac. That works out to about $1300 per American. Taxpayers are on the hook for at least another $100 billion in aid over the next … Continue reading

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The New Mortgage Refinance Program

Underwater homeowners with mortgage guaranteed by Fannie Mae and Freddie Mac will be able to refinance their loans under Obama’s new plan, saving themselves about a thousand dollars a year if they fill out all the paperwork correctly. Kathleen Pender … Continue reading

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Legislating Away Unpleasant Foreclosures

California’s Attorney General has called for a halt to foreclosures in the state. Such a move would gum up the free market, render housing business less efficient, and make investors less likely to put money into housing. Ahh, but it … Continue reading

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Fannie Mae Wants $4.6 Billion

President Obama’s plan to allow underwater homeowners to refinance their mortgages is only going to further drain government resources to prop up the housing industry. Over the next three years, Congress will be expected to pony up another $100 billion … Continue reading

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President Obama’s Plan To Boost The Housing Market

With the housing market in the doldrums, it is difficult to have an economic recovery. Home prices are on average one-third below where they were in 2006. Mortgage interest rates are at record lows but most of the homeowners who … Continue reading

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