Historically low interest rates coupled with a strengthening economy are getting the new year off to a fast start, stirring hopes that the Bay Area's dormant housing and mortgage markets may finally come to life in 2012. After hovering around 4 ...
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More Americans are refinancing their mortgages, according to a new report, an encouraging sign that government programs designed to help underwater homeowners could be taking off finally. The Home Affordable Refinance Program was revamped in ...
WASHINGTON, DC (WUSA) -- Families have been stuck between a rock and a hard place; their mortgage is too expensive, and even though interest rates are around record lows, they can't refinance their mortgages because the loan is now bigger than the home is worth.
NEW YORK, Jan 18 (Reuters) - Applications for U.S. home mortgages surged more than 20 percent last week, fueled by a wave of refinancing demand as interest rates dropped, an industry group said on Wednesday. The Mortgage Bankers Association said its ...
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With mortgage interest rates as low as we've seen them ever, you may be considering a refinance. Advantages of reducing your monthly payment to increase your cash flow is a big draw for some, but more and more and trying to figure out how to ...
The four-week moving average for all mortgage applications is up 6%, mostly due to last week's volume jump. The share of applications filed to refinance an existing mortgage increased to 82.2% of total applications, from 80.8% the previous ...
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Bank of America Corp. (BAC), the second- biggest U.S. lender, surged the most in two months of trading amid speculation that the U.S. may introduce a new mortgage refinancing program. The bank rose 50 cents, or 8.6 percent, to $6.31 at 4:15 p.m ...
OAKLAND, CA - DECEMBER 06: Occupy protesters hang a 'welcome home' banner on the front of a foreclosed home that they re-occupied on December 6, 2011 in Oakland, California. Photo by Justin Sullivan/Getty Images One idea for boosting the economy ...
NEW YORK (Reuters) - Applications for home mortgages surged more than 20 percent last week, fueled by a wave of refinancing demand as interest rates dropped, an industry group said on Wednesday. The Mortgage Bankers Association said its ...
Mortgage loan applications surged 23% last week, according to the Mortgage Bankers Association, as record-low interest rates convinced many homeowners it was time to refinance into lower-cost loans. Refinancing activity climbed 26.4% during the week ending ...
