Tag Archives: mortgage refinancing

Obama’s Plan To Expand Mortgage Refinancing Seems Like A Political Statement

Investors in mortgage-backed security bonds regard President Obama’s plan to expand mortgage refinance as more of a political theater rather than an economic reality. Significant parts of the president’s plan would need congressional approval and that is unlikely to happen … Continue reading

Posted in mortgage, Politics | Tagged , , , , , | Comments Off on Obama’s Plan To Expand Mortgage Refinancing Seems Like A Political Statement

Mortgage Refinancing for Home Improvements

Susan writes: Many home owners find themselves in need of money for major expenditures like home improvement or home repairs. There are many options for the home owner including mortgage refinancing or refinancing your home in order to gain the … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on Mortgage Refinancing for Home Improvements

Mortgage Interest Rates Stay Near Record Lows

Interest rates and bond yields are jumping in parts of Europe such as Greece, Italy, Spain and Portugal, but bond yields and mortgage interest rates are staying low in the United States. Despite these low rates, there’s not been much … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on Mortgage Interest Rates Stay Near Record Lows

16 Million Americans Underwater On Their Mortgages

Sixteen million Americans owe more on their homes than their homes are worth. They are often locked into mortgages that carry interest rates well above 6%. They would love to refinance into lower monthly payments but the private sector is … Continue reading

Posted in mortgage, Politics, Refinance | Tagged , , , , , | Comments Off on 16 Million Americans Underwater On Their Mortgages

Millions Of Americans Can’t Refinance

At least 2.3 million American homeowners who would benefit from mortgage refinancing can not refinance due to two principle reasons — low credit scores and a lack of equity in their homes. Long-term fixed rate mortgage interest rates are around … Continue reading

Posted in Banks, fannie mae, freddie mac, mortgage, Politics, Rates, Refinance | Tagged , , , , , | Comments Off on Millions Of Americans Can’t Refinance

Federal Reserve Move Shocks Mortgage Market

U.S. mortgage bond rates are at record lows following a Federal Reserve decision to swap out its purchases of short-term mortgage bonds for long-term bonds. This will raise the price of bonds and reduce their yields, leading to lower mortgage … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on Federal Reserve Move Shocks Mortgage Market

Mini-Boom In Refinancing As Mortgage Interest Rates Hit Record Lows

What is interesting is how small this boom in mortgage refinancing is. Falling home values putting more homes underwater on their mortgages limits the pool of those with enough equity to qualify for a refinance. Also, high unemployment undercuts the … Continue reading

Posted in Refinance | Tagged , , , , , | Comments Off on Mini-Boom In Refinancing As Mortgage Interest Rates Hit Record Lows

Home Sales Drop 3.5% From June

Home sales are up 21% from last year but last year’s number was artificially low. Buyers are less likely to buy a home right now because consumer confidence is weak. Buying a home is a major purchase and without confidence … Continue reading

Posted in Banks, mortgage, Rates, Refinance | Tagged , , , , , , , , | Comments Off on Home Sales Drop 3.5% From June

Will Low Interest Rates Revive The Housing Market?

If people don’t have jobs, they can’t buy homes, even if interest rates are low. If the economic outlook is precarious at best, then many people who do have the means will stand back from major purchases. What about people … Continue reading

Posted in mortgage, Politics, Rates, Refinance | Tagged , , , , , | Comments Off on Will Low Interest Rates Revive The Housing Market?

Mortgage Rates Fall Five Straight Weeks

The tsunami in Japan and the rise in oil prices has put a brake on economic growth and investment opportunities, causing more institutions to invest in mortgage backed securities, thus bidding up the price of U.S. securities and reducing their … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on Mortgage Rates Fall Five Straight Weeks