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IMPORTANT: Bing News RSS feed has moved!WASHINGTON (AP) -- The average rate on the 30-year fixed mortgage hovered above its record low for a fifth straight week. Despite the great opportunity, few have the means or stomach to buy or refinance in the depressed housing market. Read moreRate on 30-year fixed mortgage hovers at 4 pct.WASHINGTON (AP) - The average rate on the 30-year fixed mortgage fell back down to 3.94 percent, the record low set earlier in the fall. Low rates offer a historic opportunity for those who can afford to buy or refinance. Still, few people are ... Read moreAverage 30-year loan rate ties record: 3.94 pct.Low interest rates are a powerful incentive for borrowers to buy a home or refinance an existing mortgage. But when borrowers shop for a loan, the lowest rate shouldn't be the sole factor in their decision. What really matters, says Julie Miller ... Read moreHow to compare mortgage rates, fees and pointsThe refinance share of total mortgage activity rose to 79.7 percent of applications ... down 6 basis points from 4.18 percent the week before. It was the lowest rate this year, MBA said. The survey covers over 75 percent of U.S. retail ... Read moreMortgage refinance demand jumped last week: MBAThe average rate on the 30-year fixed mortgage fell to ... driven by a surge of home buyers trying to refinance to record-low rates. According to the Mortgage Bankers Association's latest Market Composite Index, close to 80% of loan applications were ... Read moreMortgage rates fall to record lowsand the highest refinance share in the year. Adjustable-rate mortgages (ARMs) made up 5.6 percent of applications, down slightly from 5.7 percent in the previous week. Interest rates for all mortgage categories fell to the lowest levels of the year. Read moreU.S. Mortgage Applications Rise 4.1 Percent as Refinances Jump: MBAThe benchmark 5/1 adjustable-rate mortgage fell 3 basis points, to 3.18%. Many borrowers depend on lenders adopting the new guidelines for the Federal Home Affordable Refinance Program to take advantage of these low rates. The guidelines for the ... Read moreEager Homeowners Clamor to Refinance Under HARPLow mortgage rates have many homeowners rushing to refinance, and the vast majority of those borrowers opt for fixed-rate home loans. Yet for some homeowners, an adjustable-rate mortgage can be a financially savvy choice. Nowadays, adjustable ... Read moreReal: Sometimes it makes sense to refinance into an ARMwith the lowest rates going to applicants with the highest credit scores of 720 or higher. Borrowers with scores below 620 will have trouble qualifying for a mortgage at any rate. Many homeowners refinance to lower their monthly payments. Read moreFor additional information, please see:
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