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IMPORTANT: Bing News RSS feed has moved!(Reuters) - Applications for refinancing on home mortgages jumped last week, even as demand for new home purchases dried up, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage ... Read moreMortgage refinance demand jumped last week: MBAOTTAWA — Canadian homeowners are doing a good job of paying off their mortgages early, according to the Canada Mortgage and Housing Corp., which released its third-quarter results Tuesday. While mortgage repayments can be spread out over 30 years, the ... Read moreMortgage refinancing slows with new rules, says CMHC$400 extra monthly The only way he can see to create some breathing space, some margin for error, is to refinance their house. He handed me some worksheets detailing the estimated costs for mortgage refinance proposals. They would, he said, cut his ... Read moreBurns: Prisoners of a mortgageThe business of preying on desperate homeowners is proliferating. Foreclosure rescue and refinance fraudsters will promise that you can save your home by making mortgage payments through them. However, the so-called middleman then just pockets ... Read moreGuard yourself against mortgage scamsOne refinancing was in late 2009. The other was in late September, shortly after the Fed announced a new program, known as "Operation Twist," which aimed to drive down long-term interest rates. Mr. Bernanke holds a 30-year mortgage. He was ... Read moreBernanke Joins Bargain Hunters Who RefinanceI’d like to refinance my home mortgage for the existing amount of the loan. I currently have a 15-year loan and would like to refinance at 10 or 15 years. The balance on my current loan is roughly $120,000 but the original amount was $400,000 ... Read moreMortgage complaint? This agency wants to hear itAlthough most borrowers are looking to refinance existing loans rather than buy. Last week, mortgage applications climbed 4.1%, driven by a surge of home buyers trying to refinance to record-low rates. According to the Mortgage Bankers Association's latest ... Read moreMortgage rates fall to record lowsRefinancers who bought during the peak years have had difficulty refinancing if their mortgage amount exceeded the appraised value of the property. The Home Affordable Refinance Program was designed to help people in this situation. Recent changes in the ... Read moreThere are ways to overcome appraisal roadblocksRead moreFor additional information, please see:
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