The News Review:
- Florida Mortgage Broker now offering FHA Loans
- US mortgage applications hit almost 5-yr high -MBA
- With Interest Rates Down Refinancings Up In Bay Area
- Hawaii Mortgage Industry Sees pportunity
- Mortgage rates are a holiday treat
- Refinancing interest gathers steam
Florida Mortgage Broker now offering FHA Loans
Search By Headlines (press release) NV
Michael Tadros said "The FHA loan is an excellent way to get out of a subprime loan. Simply said the FHA mortgage refinance loans are the complete replacement of the current mortgage that you have. It’s important to know that FHA loans can help you lower your PMI payment or get out of Bankruptcy Chapter 13. Though the FHA refinance loans are very easy to obtain there are several things to be considered. First of all you have to identify your needs. Identifying your refinancing needs is necessary to prevent yourself from ending up in another bankruptcy.
US mortgage applications hit almost 5-yr high -MBA
Reuters
mortgage applicationssurged to the highest level in over five years in the latestweek as potential borrowers came out in droves to refinance asgovernment interventions helped push interest rates down torecord lows data from an industry group showed on Wednesday. 4 the highest readingsince the week ended July 18 2003 when it reached 1284.
With Interest Rates Down Refinancings Up In Bay Area
MSNBC
Mortgage interest rates are at a 58-year low and according to Fifth Third Bank homeowners are applying for new loans at near-record levels. “Mortgage applications are at their highest levels since 2003″ said Carmen Inclan mortgage broker for Fifth Third. Story continues below ?advertisement |.
Hawaii Mortgage Industry Sees pportunity
MSNBC
Lau said the average homeowner could lower their mortgage payment by $200 to $300 a month. Money many hope will be spent on other things and pumped into the economy. A good rule of thumb for anyone considering refinancing: mortgage brokers KITV spoke with Monday said it?s well worth it to refinance if homeowners can cut their rate by 1 percent.
Related from Golf-monster: Golf helps drive Hawaii economy study finds
Mortgage rates are a holiday treat
DesMoinesRegister.com IA
Current home mortgage rates “are incredibly nice Christmas gifts for consumers” said Jim Paulsen chief investment strategist of Wells Capital Management. “There are going to be a lot of people refinancing – it’s already starting – but it’s even going to get more as these mortgage rates are finally coming down” he said in the company’s annual economic forecast last week. the nation’s largest home lender saw an immediate jump in applications for new home loans and refinancing. ther local banks and brokers reported an increase in their business too.
Refinancing interest gathers steam
El Paso Times TX
The lowest mortgage rates in decades are prompting homeowners to get information about possible mortgage refinancing. “We’re getting a lot of calls a lot of dialogue” said Richard Thomas president of Sierra Mortgage on the West Side. In the past few weeks the company has done about 30 good-faith estimates for people looking at refinancing their home loans and most of those came last week he said. The average mortgage rate nationally dropped to 5. 19 percent last week for a 30-year mortgage the lowest rate in the 37 years that the Federal Home Loan Mortgage Corp.