Tag Archives: Refinances

Higher mortgage rates may mean easier credit

(Read more: Mortgage delinquencies suddenly spike) It is likely no coincidence that standards are easing as rates rise and mortgage applications fall. Total mortgage applications were down 47 percent last week from a year ago. Refinances, which had been the … Continue reading

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Mortgage interest rates on upswing: Here’s the pocketbook impact

What a difference two months (and 1.11%) makes: Higher rates mean this Brisbane condo would now pencil out to $254 more a month (Kiesha Stephens/Redfin) Mortgage interest rates are on a tear. Last week they registered their sharpest one-week spike … Continue reading

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Rising Rates Scare Borrowers Into Action

Roughly 10 million refinances took place over the past two years, although that may include borrowers who have refinanced more than once, according to Inside Mortgage Finance. From mid-2011 to mid-2012, rates dropped by 100 basis points, making it worthwhile … Continue reading

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Home Builders Need Mortgage Bankers to Keep Recovery Alive

A jump in signed contracts to buy newly built homes in September brought volumes to the highest level since April of 2010, when the home buyer tax credit temporarily infused the housing market. The median price of a newly built … Continue reading

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