Refinance

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

The LendingTree Mortgage Negotiator Makes Home Loan Shopping Anonymous

The LendingTree Mortgage Negotiator Makes Home Loan Shopping Anonymous
August 19, 2013 1 Comment »

Everyone’s heard of the Priceline Negotiator, but what about LendingTree Mortgage Negotiator? I hadn’t heard about it until last week, when a commercial popped up on my television pitching the new system. I love scrutinizing mortgage companies and their products ... Read More »

Goodbye Refi: Only 55% of Mortgages Have Above-Market Interest Rates

Goodbye Refi: Only 55% of Mortgages Have Above-Market Interest Rates
August 16, 2013 No Comments »

The last couple of months have been rough, real rough, assuming you work in the mortgage industry. Sure, things aren’t terrible, but I’ll assume most participants would prefer to be living in May 2013, as opposed to August 2013. After ... Read More »

Obama Answered My Question About HARP 3

Obama Answered My Question About HARP 3
August 8, 2013 2 Comments »

This week has been all about Obama, at least on this blog. The President has been making the rounds, visiting multiple locations on the West Coast to discuss the state of the economy, housing, and of course, mortgages. After a ... Read More »

Mortgage Jobs on the Line as Rates Rise

Mortgage Jobs on the Line as Rates Rise
July 23, 2013 5 Comments »

There’s been plenty of debate lately about the potential consequences of rising mortgage rates, with an outright housing recovery derailment topping the list of concerns. However, most economists have been quick to downplay the risks of rising rates, which have ... Read More »

Chart: Look How Many Homeowners Could Benefit From HARP 3.0

Chart: Look How Many Homeowners Could Benefit From HARP 3.0
July 15, 2013 3 Comments »

I’ve discussed the idea of an enhanced Home Affordable Refinance Program (HARP) on several occasions, though nothing has actually materialized. Whether it’s HARP 3.0, #MyRefi, or reHARPing, there’s no argument that the guidelines could be eased quite a bit to ... Read More »

Don’t Choose a Mortgage Lender for Their Sales Gimmick

Don’t Choose a Mortgage Lender for Their Sales Gimmick
July 11, 2013 4 Comments »

As competition heats up, banks and lenders will likely ramp up efforts to get their hands on your mortgage, using all types of pitches and gimmicks to separate themselves from the crowd. But mortgages aren’t cool or exciting, so any ... Read More »

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 »