Mortgage Rates: Low Mortgage Rates Trend Continues While Refinances Surge FreeRateUpdate.com The current low mortgage rates trend continues again today while refinances surged last week according to the Mortgage Banker's Association. The refinance index increased 9.4% from the previous week and accounted for 80.5% of all loan applications.
Obama Mortgage Refinancing Plan: A Bailout by Any Other Name National Legal and Policy Center And mortgage lending is high on his priority list. In his speech, he announced a plan that "gives every responsible homeowner the chance to save about $3000 a year on their mortgage, by refinancing at historically low rates...A small fee on the largest ...
Mortgage applications jump on refi demand: MBA - Reuters
Mortgage applications jump on refi demand: MBA Reuters | NEW YORK (Reuters) - Applications for home mortgages jumped last week, fueled by increased demand for refinancing as interest rates fell, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of ...