Refinancing
Bank Errors Make Lowest Interest Rates Harder to Land
3:01PM 11/07/2011
Borrowers looking to capitalize on historically low interest rates to refinance or buy homes are discovering those rates are often out of reach -- and not necessarily because of their credit scores. Understaffed banks, rigid rules, and low-ball appraisals are costing customers the best deals.
The Obama administration is revamping a program that's designed to let more homeowners refinance their mortgages even if they don't have any equity. This isn't a new program, but instead attempts to turbo-charge an existing federal initiative called the Home Affordable Refinance Program. Here's a look at some frequently asked questions.
Today's record-low mortgage rates are out of reach for millions of U.S. homeowners who would benefit from them most. These "underwater" borrowers have virtually no shot at refinancing. Their plight is a drag on the housing market and the broader economy.
WASHINGTON (AP) - Today's record-low mortgage rates are out of reach for millions of U.S. homeowners who would benefit from them most.
One in four homeowners with a mortgage - 11 million people - owe more than their home is worth. These "underwater" borrowers have virtually no shot at...
America reached a milestone on Thursday: the lowest home mortgage rate in history. But at the same time as this astounding announcement, The Wall Street Journal reported that U.S. home ownership declined 1.1% over the past decade, the biggest drop since the Great Depression. What does it all mean for homeowners, home shoppers, and real estate investors?
Millions at Risk of Falling into the Mortgage Gap
4:15PM 9/20/2011
If you lost your job, how long could you continue to pay your mortgage? For two out of three homeowners, the answer is: Not as long as the average time it takes to find a new employer. If you're one of them, we have expert advice on building up a safety net that will help you stay ahead of the falling economy.
With the 30-year fixed-rate mortgage down to 4.09%, -- another record low -- it's a great time to refinance. But before you go running off to your lender to catch the best rates since 1951, avoid making these major mistakes that can cost you dearly.
Is Now the Time to Refinance Your Mortgage?
6:30AM 8/15/2011
Real Estate, Ask an Expert, Family Money, Is It Worth It?, Personal Finance, Debt
With interest rates dipping to historic lows, many homeowners are refinancing their mortgages to shorten either the terms of their loans or their monthly payments. Here's what you need to know to decide whether refinancing now is right for you.
The Housing Bottom Is Here: Economist Russell Price Explains
10:15AM 6/21/2011
For nearly two years, economists and real estate experts have been on the lookout for the bottom of the housing market. That time is here, says Russell Price, a senior economist with Ameriprise Financial, a financial services company.
How You Can Prepare for a (Possible) Double-Dip Recession
12:00PM 6/20/2011
Is America headed for the Great Recession, part two? The talking heads are still in heated debate on the issue. But for those of us who aren't pundits, there's a more important question: What should we be doing now, just in case economic lightning does strike twice?
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