Mortgage and Financial News From 2009-5-28 Page 01
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Business of Life - Livemint.com
One does not have to be a finance genius to figure this one out. Most rational people will refinance their more expensive home loan to something cheaper as long as it makes economic sense to do so. But often, there might be some non-obvious costs ...
2009-05-25 02:28:00 -
Fitch Downgrades ISAGEN LC IDR to 'BB+'; Affirms FC IDR at 'BB+' - Businesswire.com
CHICAGO--( BUSINESS WIRE )--Fitch Ratings has downgraded ISAGEN's local currency Issuer Default Rating (IDR) to 'BB+' from 'BBB-' and has affirmed the company's foreign currency IDR at 'BB+'. The Rating Outlook is Stable. The downgrade reflects the ...
2009-05-28 05:02:00 -
Mortgage Rates Surge, Sap Hopes - Wall Street Journal
Home-mortgage rates have surged to their highest level in more than three months, threatening prospects for quick rebounds in the housing market and consumer spending. The average rate for 30-year fixed-rate loans jumped to 5.44% on Thursday, the ...
2009-05-28 07:47:00 -
Home Loan Interest Rates Rising - KATV
The window of opportunity to buy or refinance a home at a very low interest rate hasn't shut...but it does seem to be closing. Rates are creeping up, but a good rate isn't all you need in order to get a good deal. Here's Seven-On-Your-Side's Jason ...
2009-05-28 04:33:00 -
There's a 13% Chance You're Not Making Your House Payment - Wonkette (satire)
There's a 13% Chance You're Not Making Your House PaymentWonkette (satire), DCNevada and Arizona take the silver and bronze (of failure), and California is looking relatively less doomed with 5.2% of all home loans in default. New home sales tanked again, mortgage rates are creeping back up, and nearly half of all existing home ...
2009-05-28 02:44:44 -
Prime Borrowers Ask: "What Bottom?" - Atlantic Online
Prime Borrowers Ask: "What Bottom?"Atlantic Online... them to refinance or sell to buyers enticed by affordable terms. Prime fixed-rate home loans to the most creditworthy borrowers accounted for the biggest share of new foreclosures at 29 percent, MBA said, a sign job losses are hurting homeowners. ...
2009-05-28 03:14:40 -
US Stocks Rise, Led by Banking, Energy Shares as Bonds Gain - Bloomberg
US Stocks Rise, Led by Banking, Energy Shares as Bonds GainBloomberg“Investors had been concerned about how quickly rates had been climbing, affecting the ability to refinance and get mortgages. A drop in rates creates a good environment for financials.” Benchmark indexes drifted between gains and losses earlier as ...
2009-05-28 04:00:14 -
The Fine Print: Mortgage Applications - CNBC
The Fine Print: Mortgage ApplicationsCNBC, Englewood CliffsMany lenders hide these in loan documents and borrowers don't realize that if they pay off or refinance their loan within a certain period of time, they may be subject to a penalty. 3. Carefully read the Acknowledgement and Agreement section, ...
2009-05-28 04:06:55 -
Banks to survive commercial property defaults - Fed - Reuters
Banks to survive commercial property defaults - FedReutersUnlike home mortgages, most commercial real estate loan principals don't amortize or amortize little over the life of the loan, which is typically three to 10 years. Instead, borrowers refinance -- they repay the loan with a new loan that is at least ...
2009-05-28 04:13:18 -
Your Personal Finance Advisor: Refinancing Your Home Mortgage - The Epoch Times
Your Personal Finance Advisor: Refinancing Your Home MortgageThe Epoch Times, NYIf you already have a mortgage and wonder if you could benefit by refinancing your home loan, it may be worth a closer look. But refinancing is a complex process, and one that can be costly as well. You want to be sure that refinancing is right for ...
2009-05-28 04:15:55 -
Banks just declared war......on me! - Daily Kos
Banks just declared war......on me!Daily Kos, CASorry, but I had to vent somewhere and nobody is home and my dog could care less as long as she gets her treats. I might be joining her for dinner. We have excellent credit and have decided to refinance our home. Not sure if there's enough equity but ...
2009-05-28 04:16:39 -
How Foreclosure Affects Your Credit Score - OCRegister
How Foreclosure Affects Your Credit ScoreOCRegister, CARefinancing: It may be possible to refinance a mortgage for a lower interest rate and/or monthly payment. But if you have already had late payments on a mortgage, the interest rate offered may be too high to lower your monthly payment. ...
2009-05-28 05:53:08 -
Ilyce Glink: Refinancing mortgage, and optimizing retirement savings - San Antonio Express
Ilyce Glink: Refinancing mortgage, and optimizing retirement savingsSan Antonio Express, TX... and would be able not only to pay off the loan but tap into your home's equity for additional cash or a monthly stream of income. I don't see much benefit in refinancing for a 15-year loan, which is Option 3. We haven't talked about closing costs, ...
2009-05-28 06:40:03 -
Foreclosure pressure builds in the state, nation - Salt Lake Tribune
Foreclosure pressure builds in the state, nationSalt Lake Tribune, United StatesBut his efforts in December to refinance out of an adjustable-rate 8.3 percent home loan were unsuccessful, and Bunton and his wife began to contemplate bankruptcy. Only after four months of missed mortgage payments did his lender agree to modify his ...
2009-05-28 01:13:16 -
Mortgage Rates Surge, Sap Hopes - Wall Street Journal
Mortgage Rates Surge, Sap HopesWall Street Journal"I about choked," said Kristen Caywood, who had been preparing to lock in a rate this week to refinance the mortgage on her $525000 home in Avon, Conn., before rates spiked. The 41-year-old graphic designer, who currently has a 6.875% rate, ...
2009-05-28 10:26:27