refinancing home mortgages

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...

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....

Demand for mortgage refinancing hit a 15-month high in the week ending Aug 13, according to The Mortgage Bankers Association. The MBA's 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...

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 to 5.9%, the Mortgage Bankers Association said in a statement.