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new york mortgage: New York Refinance Booms with Record Low Interest Rates
- 10/01/10 09:29 AM
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 qualifying have tightened since the mortgage meltdown. So making sure you qualify is the first step to saving cash with a refinance.
"Unfortunately, there are a lot of people who can only read about the low interest rates," said Melissa Cohn, CEO of Manhattan Mortgage Co. "For those who qualify, it's huge."
Homeowners … (0 comments)
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new york mortgage: New York Mortgage Refinancing Still Booming as Mortgage Rates Jump
- 09/14/10 03:56 AM
While historically low mortgage rates have caused a New York mortgage refinancing boom, the housing market is still slow. And now, mortgage rates are inching higher.
"What's hurting the housing market right now isn't mortgage rates," said Michelle Girard, senior economist at the Royal Bank of Scotland in a recent NYDailyNews.com article. "It's a lack of confidence about the U.S. economy. It's concern about losing a job."
Even the lowest interest rates in memory couldn't lure buyers from the sidelines. Sales remain abysmal. The National Association of Realtors reported sales of previously occupied homes plummeted 27 percent in July, the worst … (0 comments)
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Now is the best time refinance, there's no doubt about it.
;)
;)
