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IMPORTANT: Bing News RSS feed has moved!QUESTION: My daughter is in an interest-only loan with a 30-year term. Her interest rate is 8%. She owes $128,000 on the loan. Fannie Mae owns the loan. She has tried to refinance her home. We thought that she could refinance her loan under the ... Read moreOptions for refinancing a high-rate interest-only mortgageWASHINGTON (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.Long-term mortgage rates tend to track the 10-year Treasury yield ... Some lenders have reported an increase in applications through the Obama administration’s refinancing program. That program was broadened in October to allow up to 1 ... Read more30-year mortgage rate again drops to record-low 3.94%When interest rates are at historic lows, you probably think about refinancing your home. But don’t forget about the mortgage on your office, shop, or warehouse. The banking doldrums may have a silver lining for companies carrying mortgages made even ... Read moreRefinancing Your Commercial MortgageThe reboot of the federal government's mortgage refinancing program officially kicked off Dec ... active mortgage had negative equity in the third quarter of 2011 -- a rate of 52.2 percent. Wells Fargo says it is implementing the new fee ... Read moreRefinancing program HARP 2.0 stalls before it startsMortgage rates have stalled near record lows for several weeks, giving homeowners extra time to refinance and decrease their monthly mortgage payments. But those who don't have enough equity to refinance anxiously await the day when they'll ... Read moreEager Homeowners Clamor to Refinance Under HARPThe average rate on the 30-year fixed mortgage fell back down to 3.94%, a record low set earlier in the fall. Low rates offer a great opportunity for those who can afford to buy or refinance. Still, few people are able to take advantage of them. Read moreFixed mortgage rates drop again to record lowsThe refinance share of total mortgage activity rose to 79.7 percent of applications from 76.0 percent the week before. Fixed 30-year mortgage rates averaged 4.12 percent, down 6 basis points from 4.18 percent the week before. It was the lowest ... Read moreMortgage refinance demand jumped last week: MBAas falling mortgage rates enticed new borrowers. Refinance activity climbed 15 percent, according to the MBA's weekly survey, which covers more than three-quarters of all U.S. retail residential mortgage applications. Purchasing rose by a ... Read moreFor additional information, please see:
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