Refinance

Everything you’ve ever wanted to know about refinancing a mortgage.

Everyone I Know Is Trying to Refinance

Everyone I Know Is Trying to Refinance
June 25, 2013 No Comments »

There’s been a lot of talk (and worry) that the higher mortgage rates of late might derail the apparent housing market recovery. After all, many believe the only reason things were improving was because of the ultra-low rates the Fed ... Read More »

Watch Out for the Adjustable-Rate Mortgage Pitch

Watch Out for the Adjustable-Rate Mortgage Pitch
June 24, 2013 No Comments »

Over the past couple weeks, mortgage rates have risen roughly 1% across the board. If you look at Wells Fargo’s mortgage rates, which I highlighted late last week due to their meteoric rise, you’ll notice the 30-year fixed is now ... Read More »

Bank of America Panned for Unattractive Refinance Offer

Bank of America Panned for Unattractive Refinance Offer
June 11, 2013 2 Comments »

Anytime someone is looking to save you money, you should probably be skeptical, really skeptical. After all, it’s one thing to seek savings on your own, but if someone is doing the work for you, there’s a good chance they’ve ... Read More »

Mortgage Rates Experience Largest Single-Week Increase Since 2011

Mortgage Rates Experience Largest Single-Week Increase Since 2011
June 5, 2013 No Comments »

To say the last couple weeks have been bad for mortgage rates (and consumers) would be an enormous understatement. In fact, over the past month mortgage rates on the ever fashionable 30-year fixed have risen nearly a full percentage point. ... Read More »

HAMP Gets Extended for Another Two Years

HAMP Gets Extended for Another Two Years
May 30, 2013 1 Comment »

Today, the Treasury and U.S. Department of Housing and Urban Development (HUD) announced the much anticipated extension of the Home Affordable Modification Program (HAMP). The program, which was originally launched in March 2009, was set to come to a close ... Read More »

New Study Blames Cash Out Refis for Mortgage Crisis

New Study Blames Cash Out Refis for Mortgage Crisis
May 29, 2013 2 Comments »

A new study from Fed researcher Steven Laufer puts a lot of the mortgage crisis blame on cash out refinancing, which swelled in popularity as home prices increased in the early 2000s. Of course, when home prices took a turn ... Read More »

Slowing Mortgage Market Could Lead to Looser Lending

Slowing Mortgage Market Could Lead to Looser Lending
May 20, 2013 1 Comment »

The forecast for the 2013 residential mortgage market wasn’t all that optimistic. Back in December, the Mortgage Bankers Association said it expected refinance volume to slip to $785 billion from $1.2 trillion in 2012, while purchase money mortgage activity was ... Read More »

How Long Do You Plan to Keep Your Mortgage?

How Long Do You Plan to Keep Your Mortgage?
May 15, 2013 1 Comment »

The mortgage landscape has changed a ton over the past several years. Mortgage lending guidelines have firmed tremendously since the crisis took hold, and mortgage rates have fallen to all-time lows. Meanwhile, home prices seem to have bottomed, and decent ... Read More »

How Does HARP 2.5 Sound?

How Does HARP 2.5 Sound?
April 29, 2013 4 Comments »

For the past couple years now, there has been a big push for a so-called HARP 3.0, which would essentially open the door to private-label refinances under the popular Making Home Affordable program. Since inception, only Fannie and Freddie mortgages ... Read More »

HARP Refinance Program Extended Until 2015

HARP Refinance Program Extended Until 2015
April 11, 2013 1 Comment »

As many had predicted, the popular Home Affordable Refinance Program (HARP) was extended today until December 31, 2015. The program was set to expire at the end of the year, but apparently the FHFA isn’t satisfied with the more than ... Read More »