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How to Determine if it's Time to Refinance (Carteret County News-Times) (ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? us.rd.yahoo.com
Bad Credit and Home Refinance (Carteret County News-Times) (ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? us.rd.yahoo.com
Lenders face challenges as mortgage rates reset this summer (Austin American-Statesman) The number of homeowners facing an increase in their subprime adjustable-rate mortgage payments will peak this summer, testing the efforts of lenders to keep those people out of foreclosure and stabilize the housing market. us.rd.yahoo.com
Are there any risks in getting a 30-year, fixed-rate mortgage? (Louisville Courier-Journal) A: The risks are low because you're protected against rising rates and you'll know what the interest and principal part of your payment will be. But if interest rates go down, your payment won't change unless you refinance. And, Freddie Mac points out, since 30-year rates may be higher than adjustable-rate mortgages, you might not qualify to borrow as much. us.rd.yahoo.com
Weighing refinancing as a way to end private mortgage insurance (San Jose Mercury News) Q: Can I refinance to get rid of private mortgage insurance?A: Yes and no. If you have enough equity in your home after the cost to refinance typically 20 percent or more, you can probably get clear of private mortgage insurance. us.rd.yahoo.com
Foreclosure fears loom as resets peak on subprime loans (Lancaster Online) The number of homeowners facing an increase in their subprime adjustable-rate mortgage payments will peak this summer, testing the us.rd.yahoo.com
Find the Best Deal on Refinancing Your Home (Carteret County News-Times) (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? us.rd.yahoo.com
Arizona mortgage-rate resets expected to peak this summer (The Arizona Republic) More Arizonans than ever will face foreclosure as their home loans jump to a higher interest bracket. us.rd.yahoo.com
Personal Finance Daily: You may want to bail on your adjustable mortgage (Market Watch) The Federal Reserve has sent a pretty clear signal to the markets that it stands ready to push interest rates higher to fight inflation. If you are a homeowner with an adjustable-rate mortgage, you can pretty much interpret that as well as a signal to jump into a fixed-rate loan as quickly as you can. us.rd.yahoo.com
Mortgage applications rose 3.6% last week: MBA (Market Watch) Mortgage applications filed last week rise a seasonally adjusted 3.6% compared with the week before, the Mortgage Bankers Association says. Interest rates on fix-rate mortages move slightly lower. us.rd.yahoo.com
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