refinance mortgage

Her Financial Goal: Win at the Refinancing Game

Everyone has things they want to improve about their financial lives -- and we at DailyFinance are no exceptions. So we asked money expert Jean Chatzky for advice on how to reach our goals. Today: An editor who wants to get the best deal on refinancing.

Obama's Refinance Plan Explained

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.

No Low-Rate Refis for Underwater Homeowners

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.

The Lowest Mortgage Rate, Ever!

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?

Is It Time to Refinance Your Mortgage?

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.

Mortgage Applications Drop on Weaker Demand for Refinancing

The number of applications for mortgage loans fell last week as demand for refinancing loans weakened. The total loan applications index fell 8.9% on a seasonally adjusted basis from a week earlier, with applications for refinancing loans slipping 10.8%, the Mortgage Bankers Association said. These figures include an adjustment to account for the Labor Day holiday.

Refinancing Applications Jump to 15-Month High

Demand for mortgage refinancing hit a 15-month high in the week ending Aug 13, according to The Mortgage Bankers Association. The MBA%u2019s Refinance Index rose 17.1% from a year earlier, and is now at its highest since May 2009, the MBA said in a statement. The refinance share of total mortgage applications rose to 81.4%, the highest since January 2009.

Mortgage Applications Fall 4.4% on Refinancing Decline

Mortgage loan applications fell 4.4% in the week ending July 23, dragged down by a decrease in the number of people looking to refinance their homes. Applications for refinancing loans fell 5.9%, the Mortgage Bankers Association said in a statement. The proportion of mortgage loans intended for refinancing fell to 78%, from 79.4% a week earlier.

Mortgage Loan Applications Rise on Refinance Demand

Applications for mortgage loans jumped last week, as homeowners took advantage of historically low rates to refinance their homes. In the week ending July 2, the total number of applications for loans rose 6.7 % on a seasonally adjusted basis from a week earlier, The Mortgage Bankers Association said. A total of 78.7% of the loan applications were to refinance existing homes, the highest proportion since April 2009.

Modifying Homeowners' Loans - and Their Behavior

It's been well-reported that mortgage loan modifications are moving like molasses at big banks. But a little company called Ocwen Financial is using behavioral science to remove the stumbling blocks that get in the way of people trying to keep their homes.