refinance: There are Alternatives to the Refinance Backlog
- 07/06/12 06:26 AM
Some of the bigger banks and financial institutions are currently facing backlogs of as much as 90 days. This situation is being created by several factors including all of the current refinances due to low rates as well as some government sponsored programs. The low rates are driving many homeowners to refinance into what are viewed by many as “rates we won’t see gain for a long time”. The smart money is positioning to have a lower cost of ownership in their homes as many shore up their finances. The Obama Administrations Making Home Affordable program has an option they call … (0 comments)
refinance: Interest Rates Hovering Near All-Time Lows - Buy Jackson Hole Real Estate
- 01/10/09 11:20 PM
Interest rates continue to hover at an all-time low making this an unprecedented opportunity for home buying. According to Fannie Mae these are the lowest rates they've seen since they began tracking their index back in 1971. Some owners are also taking the opportunity to lower their payments by refinancing. One of our appraisers at Jackson Hole Real Estate & Appraisal reported he is also seeing an increase in appraisals for refinancing. As housing has continued to slow, 30 yr. fixed mortgage rates have continued to ease over the last few months. In the Fall of 2008 they peaked up to … (1 comments)
Some of the bigger banks and financial institutions are currently facing backlogs of as much as 90 days. This situation is being created by several factors including all of the current refinances due to low rates as well as some government sponsored programs. The low rates are driving many homeowners to refinance into what are viewed by many as “rates we won’t see gain for a long time”. The smart money is positioning to have a lower cost of ownership in their homes as many shore up their finances. The Obama Administrations Making Home Affordable program has an option they call … (0 comments)
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