refinancing

Mortgage Rates Remain Favorable

Despite record low rates, mortgage and refinancing applications are down. Mortgage rates are still near record lows. According to the Freddie Mac Primary Mortgage Market Survey, the 5-year ARM set a new all-time low this week and has fallen for the eighth consecutive time. The breakdown for the week ending September 1: *30-year fixed-rate mortgage …

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Refinancing Up As Mortage Rates Continue Slide Down

Chicago homeowners, have you refinanced yet? You’re not too late: Mortgage rates have again hit record lows. According to a Freddie Mac survey released today, interest rates on the most widely used loan, the 30-year fix-rate mortgage, averaged 4.19 percent for the week ending October 14, down from last week’s 4.27 percent. That 4.19 percent …

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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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