interest rates

How Could Mass Refinancing Impact Chicagoland Real Estate?

Sure, the interest rates are the lowest they’ve been in many decades. But when home loans are underwater – the homeowners owe more than the home is worth – taking advantage of low interest rates simply is not a possibility. What if someone, say the federal government, stepped in and made it a possibility? How …

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MBA Survey Says: Rates Down, Refinancing Up

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey with positive news: The number of homeowners applying for mortgages or refinancing went up while interest rates went down. The Market Composite Index, which measure the amount of mortgage loan applications, increased 8.8 percent on a seasonally adjusted basis from one week earlier. …

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