Mortgage Rates Up, Refinancing Applications Down

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nimmitydriday of AL 9:34PM November 01, 2009

+1

soundtracks of AL 7:18AM July 17, 2009

I want to say - thank you for this!

flu vaccines of MO 3:45PM July 05, 2009

Give the banks money out of the stimulus fund after they make loans to consumers. Dollar for Dollar.Require the banks to lower interest rates on home loans.Allow home owners to refinance at a rate they can afford.Scrap Nafta!.Buy American help revive our country after all it's our country!Term limits should be imposed on these worthless career politicians.

roger of TN 9:58AM February 10, 2009

King Obama and his court just don't get it. And all the real estate columnists don't get it.
Of course this is a good time to finance at 5% or so if you are looking for a new home.
Obviously if you are in a position to buy a home right now, you have a good job, a good sized deposit and with lower overall housing prices you should be more concerned about getting into your first home and not trying to chase 4% rates. Be happy with 5-1/4 and just get it done. But what about us poor fools who already have a current 6-7% 30 year and are trying to refinance our property at a lower rate so we can afford to keep it? There is nothing greedy about trying to lower your payments 300-400 a mounth so you can keep your house even if one has to work 2 jobs to do it. The problem is ever since the messiah became
President the rate has been going up. That was supposedly the whole point of this exercise in helping people keep their homes by also providing a lower rate . I fail to see how saving
1% on my rate is going to help or am I just being greedy?

Dave Schnell of CA 8:53PM February 07, 2009

King Obama and his court just don't get it. And all the real estate columnists don't get it.
Of course this is a good time to finance at 5% or so if you are looking for a new home.
Obviously if you are in a position to buy a home right now, you have a good job, a good sized deposit and with lower overall housing prices you should be more concerned about getting into your first home and not trying to chase 4% rates. Be happy with 5-1/4 and just get it done. But what about us poor fools who already have a current 6-7% 30 year and are trying to refinance our property at a lower rate so we can afford to keep it? There is nothing greedy about trying to lower your payments 300-400 a mounth so you can keep your house even if one has to work 2 jobs to do it. The problem is ever since the messiah became
President the rate has been going up. That was supposedly the whole point of this exercise in helping people keep their homes by also providing a lower rate . I fail to see how saving
1% on my rate is going to help or am I just being greedy?

Dave Schnell of CA 8:52PM February 07, 2009

Pigs are fed, hogs are slaughtered.

N M of MN 12:18AM January 29, 2009

Sad but true. Re-fi's are dropping because many of us no longer have enough equity left in our homes. I watched 50K disappear virtually overnight. To top it off, the banks that my tax dollars are financing are also raising rates and dropping credit limits for no apparent reason. Chase flat out said "to maintain profitability" as their reason for a 5% hike on a long standing, never late account. Citi was more "creative" by bashing my credit report which is much better than when they issued credit in the 1st place?
Why did we bail these folks out? What good is it doing anyone? Why is congress mortgaging this country when most of us will never see any benefit?

Chris Petty of GA 6:23PM January 28, 2009

Well the bankers do it again. They borrowed the money from the government and are sitting on it. Ohhh wait, I'm worng they are being to pay bonuses, remodeling offices and buying corporate jets. Well to ALL CONGRESSMEN, lean on the banks and tell them to lowre the interest rates. It is unbearble to see this rich bastards hording tax payers bailout money. If I keep on hearing about all this bailout money, I'll hold elected officials accountable for this mess. If they keep this up I'll stop my 401K contribution and start moving my money off shore. Why would I want to help my economy when it won't help me.

Equalizer of VA 2:22PM January 28, 2009

They busted the housing prices , people lost there homes , people are losing there jobs , more homes are lost , but whom ever does't seem to get it , just have some compasion in your heart stop being so greedy , something is better then nothing , HELLO !!!!!!!!!! WAKE UP. We the people , By the people ,
For the People , remember Lets make our COUNTRY PROUD, we may have a bad start ,but we can end up with a great ending with brand NEW IDEALS , our fore Fathers did and so can we.
Charity starts at the good old USA.

Richard S. Borkoski Sr. of MD 12:37PM January 28, 2009