New York Mortgage News

In a telling sign, applications for mortgage refinancing climbed 21 percent last week, while home loan purchase applications fell 8.5 percent according to NYDailyNews.com. "There are about 18.5 million households that should be in the hunt to refinance," says Mark Zandi, chief economist at Moody'...

In a telling sign, applications for mortgage refinancing climbed 21 percent last week, while home loan purchase applications fell 8.5 percent according to NYDailyNews.com. "There are about 18.5 million households that should be in the hunt to refinance," says Mark Zandi, chief economist at Moody'...

Now is the best time refinance, there's no doubt about it. Mortgage rates are at historic lows. This has caused a surge in refinancing by New York homeowners. According to NYDailyNews.com, the number of refi applications has received rocketed more than 50% in the past month. Restrictions on quali...