Free Mortgage Lead Info
Mortgage Leads that Convert
Mortgage Lead Vault Pages
- About Mortgage Lead Vault
- Debt Consolidation Leads
- Directory
- Live Mortgage Leads
- Loan Leads
- Mortgage Leads
- Mortgage Leads by State
- Mortgage Loan Leads
Current Mortgage Rates
Recent Posts
- California Continues to Lead Mortgage Fraud Report
- Refinance Program to Help Borrowers with Negative Equity
- Credit Filters Still Important with Fannie, Freddie and FHA Leads
- Buying Internet Mortgage Leads to Help You Close More Loans
- Internet Mortgage Leads Do Not Suck
Blogroll
Buy Mortgage Leads
Loan Modification Directory
Mortgage Lead Vault Pages
- Maximizing Mortgage Marketing in the New Year
- Mortgage Leads and Loan Originators Keys to Success
- HARP Leads in High Demand
- Higher FHA Loan Limits Will Help Loan Origination in 2012
- New Free Mortgage Lead Incentives for Purchase and Refinancing Leads
- LeadsOutlet Chooses the Lead Planet for Mortgage Marketing
- Mortgage Websites and SEO
- Buying Home Loan Leads in California
- Why Mortgage Leads in Less Popular States Have a Better Conversion Rate
- US Credit Rating Downgraded but Mortgage Rates Fall
Categories
- California Mortgage Leads
- California Mortgage News
- Credit Tips
- Debt Relief
- FHA Mortgage
- foreclosure prevention
- Internet Mortgage Marketing
- Lead Buying News
- Lead Generation News
- Lead Planet Articles
- loan modification leads
- Maryland Mortgage Leads
- MBA Weekly Application Report
- Missouri Mortgage Leads
- Mortgage Articles
- Mortgage Brokers News
- Mortgage Lead Article
- Mortgage Lead Buying Tips
- mortgage lead generation
- Mortgage Lead News
- Mortgage Lead Promotions
- Mortgage Lead Survey
- Mortgage Lead Video
- Mortgage Leads by State
- mortgage marketing
- Mortgage Technology News
- National Mortgage News
- New York Mortgage Leads
- Ohio Mortgage Leads
- Pennsylvania Mortgage Leads
- Reverse Mortgage Leads
- Special Lead Incentives
- Texas Mortgage Leads
- Uncategorized
- Vintage Leads
Tags
Meta
Mortgage Refinancing Costs Rise
24th March 2009
Yes the Obama administration and the local governments are making every effort to lower the mortgage rates to stimulate the housing sectors nationally, but the higher home loan amounts and refinancing fees do not make it attractive for consumers on the sidelines waiting for the mortgage rates to slide even more. FHA mortgage rates have dipped back to 5% on fixed thirty year mortgages, but jumbo mortgage loans remain a full 1-2 percentage points behind the government refinancing options.
Bloomberg reported in a recent article that mortgage fees may become making it harder for people to seek refinancing. However, it is expected that the mortgage refinancing will hit a two year high. I am kind of contradicting myself, am I not? “David Rapaport, a professor at the University of California San Diego Medical School, is paying an upfront fee of $3,500 to refinance his mortgage at 5.13%. A year ago, his rate was 6.25% and there were no fees. “I’m happy just to be able to get a refinance and lower my mortgage payment,” said Rapaport, 57, who owns a 2-bedroom townhome in San Diego, where home prices have dropped 32% since June 2006. He is saving $264 a month with the new mortgage from CMG Mortgage, meaning it will take about a year to recoup the fees he paid.” The Chicago Sun warned that homeowners need to be careful when getting a refinance loan.
No Comments »
No comments yet.
RSS feed for comments on this post. TrackBack URL