Mortgage refinancing applications jump; rates fall: MBA
NEW YORK (Reuters) - Applications for U.S. home mortgages surged last week, driven by increased demand for refinancing as interest rates hit fresh lows, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, jumped 9.2 percent in the week ended May 11. The ...
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Mortgage applications rise on refinancing
Continuing declines in fixed interest rates prompted a 9.2 percent increase in mortgage applications last week, the Mortgage Bankers Association reported Wednesday. Most of the increase came, however, from refinancing. The percentage of loans for refinancing increased to 74.9 percent from 72.1 percent the previous week. The percentage of mortgages for buying a house fell 2.4 percent from the ...
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Refinancing Jumps Under HARP 2.0
Applications for mortgage refinancing have seen a sharp increase since new, relaxed guidelines for the Home Affordable Refinance Program (HARP) were unveiled last fall, the White House announced
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BMO Financial Tip of the Week: Review All Your Mortgage Refinancing Options
TORONTO, ONTARIO-- - As part of BMO Financial Group's ongoing commitment to financial literacy and 'Making Money Make Sense' for Canadians, BMO is releasing a financial tip every week in 2012.BMO's Financial ...
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Obama to tout success of mortgage refinancing
SEATTLE — President Obama will announce new figures Friday showing a dramatic spike in the number of Americans taking advantage of federal programs designed to help struggling homeowners and stabilize the lagging housing industry, administration officials said Thursday. Read full article >>
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