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Houghton County, MI


Mortgage rates have dropped to their lowest since 1967, which is expected to result in another rush to refinance. The benchmark 30-year fixed-rate mortgage fell 20 basis points to 6.34 percent on July 25, according to Bankrate.com's weekly national survey of large lenders....


Cindy Sellers of Laguna Niguel, Calif., says she's no financial whiz, but when interest rates dropped and dropped and dropped, she decided it was time to refinance costly credit-card debt. The 37-year-old mother of two and her husband, Stephen, a self-employed construction...


Many people who take cash out of their house when they refinance their mortgage will have to pay more starting Feb. 1. Fannie Mae, a quasi-government agency that buys mortgages from lenders and sets terms for much of the mortgage market, has discovered that people who...


JUST WHEN YOU THOUGHT EVERYONE WHO WAS GOING TO REFINANCE A HOME MORTGAGE HAD LONG SINCE DONE SO, INTEREST RATES DIPPED AGAIN, TO UNDER 6 PERCENT. THAT SPAWNED YET ANOTHER SURGE OF REFINANCING APPLICATIONS FOR LENDERS AND CAUSED LONG LINES AND FRAYED NERVES AT REGISTRY OF...


We are in a mortgage refinancing boom. Interest rates are lower than they have been in decades, and homeowners nationally are taking advantage of these rates. The Internal Revenue Service recently issued a press release (IR-2002-114) reminding taxpayers that some, but not...


Raphael Levinore was able to buy a bigger house with a swimming pool. Donna Helmka plans to install new windows in her home, pave her driveway and pay off about ,000 in debt. Mortgage rates that are hitting their lowest levels since 1958 are fueling a lending boom....



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