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IMPORTANT: Bing News RSS feed has moved!I purchased a home approximately a year ago, and I financed the maximum allowed under the modified "super-conforming" maximum loan limits for this area. On Oct. 1, 2011, that limit dropped by about $60,000. I originally put down more than 25 ... Read moreThe slippery slope of serial home refinancingIs cash-out refinancing the best option for me? I owe $13,000 on a home appraised at $140,000. With the low rates, I'm working on cash-out refinancing for $100,000 at 4.6 percent over 25 years. My house needs new garage doors, an air ... Read moreUse a cash-out refinancing to make home repairs?Dec. 8 (Bloomberg) -- Bank of America Corp., the largest mortgage servicer, said lenders will meet with the overseer of Fannie Mae and Freddie Mac to discuss last month’s revamp of the federal Home Affordable Refinance Program, which ... Read moreBofA Says Obama Refinancing-Plan Details Trouble Home LendersThe reboot of the federal government's mortgage refinancing program officially kicked off Dec. 1. But for lenders taking part in the revised Home Affordable Refinance Program, the launch of "HARP 2.0" is more akin to a rolling start. Wells Fargo ... Read moreRefinancing program HARP 2.0 stalls before it startsEconomic activity increased at a slow to moderate pace across Federal Reserve districts, except the St. Louis district, which reported a decline, according to the latest Beige Book, based on anecdotes from business contacts and economists ... Read moreHome refinancing and multifamily demand on the rise: Beige BookApplications for U.S. home mortgages slumped for a third week in a row last week, hit by a drop in demand for refinancing, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage ... Read moreMortgage Applications Tumble on Weak RefinancingDAVENPORT, Iowa (AP) -- The publisher of the St. Louis Post-Dispatch and more than 40 other newspapers is close to completing a complex debt refinancing plan that includes a prepackaged Chapter 11 bankruptcy filing. Lee Enterprises Inc ... Read moreLee Enterprises moves to complete refinancing planLast year at this time, the 30-year fixed loan averaged 4.61%. Fifteen-year fixed-rate home loans, a popular option for people refinancing homes, averaged 3.27%, down from last week's 3.3%. A year ago, the 15-year loan averaged 3.96% ... Read moreWith mortgages at 4%, demand for home-purchase loans risesTHE BETTER BUSINESS Bureau is warning homeowners who may be planning to refinance their homes under a new government program to watch out for scams. As of Dec. 1, homeowners who are "under water" - meaning that their homes are worth less than what they owe ... Read moreFor additional information, please see:
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