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Refinance MortgageRecord Refinancing Occurs in Mortgage Industry with Low Interest Rates
The mortgage industry is reporting record refinancing activity with interest rates near their lowest point in 33 years.
In recent months, a growing number of mortgage lenders and brokers have been hawking "no-cost" mortgages, in which the lender picks up the expenses that normally would be paid by the borrower.
If you own a home, chances are good you have thought about refinancing your mortgage lately. Rates recently fell to a 40-year low and have been hovering at record low levels.
The wave of refinancing that many economists viewed as a bright spot in the economy is quickly subsiding as mortgage rates continue to climb.
With mortgage rates at 35 year lows, it sounds like a no-brainer. Now's the time for many homeowners to refinance their home loans.
It's not only whether you refinance your home mortgage, it's how. Whether your clients are modest or wealthy, they're probably brooding over how to rescue shrinking investments.
You may have been hearing this all year from high-pressure salespeople, but now it's really true: It's a great time to refinance your home.
2003 should be another great year for low mortgage interest rates, says the head of the California Association of Mortgage Brokers.
Think it's impossible to have too much business? Talk to a mortgage banker.
Dropping interest rates in 2001 meant an increase in refinancing business. And rates remain low enough for some people to think about locking in a new rate.
Mortgage rates have dropped to their lowest since 1967, which is expected to result in another rush to refinance.
Corpus Christi home sales aren't booming. They're steady. But real estate appraiser George N. Paraskevas is busier than he has been in years.
Recent years have seen a boom in the mortgage refinancing market. Thousands of homeowners refinanced their loans in order to lower monthly payments and have more money left at the end of the month.
Cindy Sellers of Laguna Niguel, Calif., says she's no financial whiz, but when interest rates dropped and dropped and dropped, she decided it was time to refinance costly credit-card debt.
DAVID and Dalia Bromberg didn't expect when they bought their Owings Mills home about a year ago that they would be back so soon in their mortgage banker's office.
Many people who take cash out of their house when they refinance their mortgage will have to pay more starting Feb. 1.
Homeowners realize they can shave as little as a half a percentage point off their mortgage without paying points, and they're doing it in droves
In the 1970s, baby boomers pounced on their first homes and reveled as inflation drove up their prices overnight.
The second mortgage refinance boom in less than a year includes more people converting their 30-year loans to 15- or 20-year terms, a move some say indicates people see their houses as better investments than anything else available right now.
We are in a mortgage refinancing boom. Interest rates are lower than they have been in decades, and homeowners nationally are taking advantage of these rates.
Raphael Levinore was able to buy a bigger house with a swimming pool.
Wave after wave of mortgage refinancing customers have flooded the U.S. mortgage market in the past year, a trillion-plus phenomenon driven by interest rates sinking to their lowest levels since 1966.
Mortgage rates have hit record low levels recently, causing a refinancing frenzy as well as a surge in home purchases in Santa Barbara County and across the nation.
Homeowners could save thousands of dollars on mortgage interest payments if they give up a big incentive: the right to refinance.
Many homeowners refinance to use the equity in the home for personal or business needs. Today's low interest rates help create excellent and valid logic for "cash-out" refinances.
Attracted by low rates, millions of homeowners continue to refinance their mortgage loans. Another option is to simply "prepay" your mortgage
Lenders and brokers say business is hopping as many homeowners return to negotiate new deals with lower mortgage rates
Mortgage interest rates are near the lowest they've been in more than 30 years, and many consumers are scurrying to refinance their homes.
The continuing low mortgage interest rates are sustaining a boom in the refinance market as we progress into year 2003.
With interest rates hovering near 30-year lows, it comes as no surprise that more and more people are refinancing their mortgages.
Refinancing has become an obsession with some homeowners. Many refinance over and over merely to save a few bucks.
Mortgage industry regulators nationwide were warned recently to be on the lookout for a long-outlawed "churning" scheme in which unscrupulous mortgage brokers generate thousands of dollars
If mortgage rates begin inching back up, weary mortgage brokers might get a moment to count all the commissions they have earned during the busiest time in the industry's history.
The lowest mortgage rates in 30 years are propelling homeowners to refinance, a trend that has picked up steam this summer.
If you own a home, chances are good you have thought about refinancing your mortgage lately. Rates recently fell to a 40-year low and have been hovering at record low levels.
2003 should be another great year for low mortgage interest rates, says the head of the California Association of Mortgage Brokers.
Think it's impossible to have too much business? Talk to a mortgage banker.
Mortgage rates have dropped to their lowest since 1967, which is expected to result in another rush to refinance.
Mortgage interest rates may be hovering at their lowest point in four decades, but Sammamish homeowner Don Corbett isn't thinking it's the best time in years to refinance.
With mortgage rates still at tempting four-decade lows, homeowners are doing the math and beating a path to their lenders to refinance.
For all those folks who didn't refinance their home mortgages last fall -- and for some who did -- it may be time to arrange a new loan.
Jim Crone, a 61-year-old remodeling contractor, recently refinanced his home. He lowered his interest rate, term and monthly payment. IN A troubled US economy, it is mortgage lending that continues to provide a ray of hope. Spurred by rock-bottom interest rates, lenders have been flooded with a record number of mortgage applications from homeowners eager to refinance existing loans. |
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