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Deciding Whether to Refinance an Adjustable-Rate Mortgage
Q We bought our condominium in August. At that time, interest rates on fixed-rate mortgages were hovering over 10 percent. In order to help us qualify for a mortgage, our lender persuaded us to get an adjustable-rate mortgage, which had an initial interest rate of 7.78 percent. This is adjusted
Publication: The Washington Post
Lenders prepare for life after strong refinance market: new products, expanded adjustable rate mortgage programs part of changes in strategy.(Banking & Finance Update)
Maybe the refinance market hasn't dried up yet, but home mortgage lenders are beginning to act as if it has. Banks and credit unions are readying a variety of new product rollouts including expanded adjustable rate mortgage programs, new home buyer mortgage strategies and attractive home equity
Publication: San Fernando Valley Business Journal
Lower Fixed-Rate Mortgage Rates Expected to Prompt Refinance Frenzy.(Originated from San Jose Mercury News, Calif.)
May 18--The stock market is setting records nearly every day, but a financial indicator that hits closer to home for millions of Americans has received far less hoopla. Fixed-rate mortgage rates have dipped below 8 percent for the first time in more than a year. Combine cash-strapped homeowners
Publication: Knight Ridder/Tribune Business News
Adjustable rate mortgage holders may want to refinance with interest rate hike.
By Rick Rothacker, The Charlotte Observer, N.C. Knight Ridder/Tribune Business News Jul. 1--Helen and Gene Katz had a three-year adjustable rate mortgage on their Charlotte home, but in April the couple refinanced into a 15-year mortgage just as interest rates began to rise. They were starting to
Publication: Knight Ridder/Tribune Business News
Tennessee Homeowners Take Advantage of Low Rates to Refinance Mortgages.
Byline: Jerome Obermark Aug. 30--Jim Crone, a 61-year-old remodeling contractor, recently refinanced his home. He lowered his interest rate, term and monthly payment. He also consolidated two loans into one new loan totaling about $79,000. He eliminated his old 12 percent interest rate on a second
Publication: The Commercial Appeal (Memphis, Tennessee) (via Knight-Ridder/Tribune Business News)
ON THE RISE. MANY HOMEOWNERS ARE TAKING ADVANTAGE OF RISING PROPERTY VALUES IN CONJUNCTION WITH LOW INTEREST RATES TO REFINANCE THEIR MORTGAGES.(BUSINESS)
Byline: MARC DAVIS THE VIRGINIAN-PILOT VIRGINIA BEACH -- Bill Marr's house on Summerwind Road is unlike most in his neighborhood. In October, workers began gutting the 25-year-old home in Great Neck Meadows. Then they gradually rebuilt it. They added a living room in back, an office above the
Publication: The Virginian Pilot
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refinancing mortgage
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