Refinance

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

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 »

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 »