Skip to: Content
Skip to: Site Navigation
Skip to: Search
THURSDAY, NOVEMBER 26, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


0

Mortgage Refinancing Rush Continues Into New Year

30-year fixed mortgage rate is lowest on record

Share

(Newser) – Homeowners continue to scramble for refinancing in order to lock in currently low interest rates, MarketWatch reports, with applications jumping 25.6% last week, to the highest level since June 2003. The average interest rate on a 30-year fixed-rate mortgage fell 0.10% for the week ending Jan. 9, to 4.89%—the lowest rate since the Mortgage Bankers Association began keeping statistics in 1990.

Record-low mortgage rates make this a good time to buy or refinance.
Record-low mortgage rates make this a good time to buy or refinance.   (AP Photo)
Mortgage rates as low as 4.63% for a 15-year fixed have kept applications for refinancing high, the Mortgage Bankers Association reports.
Mortgage rates as low as 4.63% for a 15-year fixed have kept applications for refinancing high, the Mortgage Bankers Association reports.   (AP Photo)
The average rate for a 30-year fixed mortgage is 4.89%, the MBA reports%u2014the lowest since it began keeping track in 1990.
The average rate for a 30-year fixed mortgage is 4.89%, the MBA reports%u2014the lowest since it began keeping track in 1990.   (AP Photo)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.24.09
Murdoch and Microsoft: The Mice Are Trying to Roar
11.23.09
Books Are Bad for You
0 comments
VIEWING:
 
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

30 Stories

mortgage meltdown

 Sleazy Middlemen 
 Stiff Homeowners 
 Trying to Refi 

Foot-dragging 'mortgage servicers' step into role of fox in henhouse

Oct 4, 09 3:31 PM CDT
(Newser) - The federal mortgage modification program is mired in trouble, with just 12% of the 3 million eligible loans in the process of modification, the "servicers" that helped create the problem tasked with helping to untangle it, and the Treasury Department falling down on the oversight job. In one... More »

MORE ABOUT:
Iowa • North Carolina • mortgage • Treasury Department • GAO • Government Accountability Office • refinanced mortgages • TARP • mortgage modification • CitiFinancial • Home Affordable Modification Program

(Newser) - New home sales jumped 11% in June, the biggest gain in eight years, the Commerce Department announced today, as the supply fell to its lowest level in more than a decade. With mortgage rates and prices staggeringly low—the median home price fell 12%—buyers came out of the woodwork.... More »

MORE ABOUT:
real estate • housing market • economic indicators • home sales • mortgage rates • interest rate • home prices • new home sales

Burgeoning Interest Rates Threaten to Stifle Recovery

Demand for refinancing shrivels as 30-year rates hit 5.75%

Jun 11, 09 7:30 AM CDT
(Newser) - The steady rise in interest rates over recent weeks is threatening to trample the green shoots of recovery in the housing market, the Wall Street Journal reports. Rates on 30-year mortgages hit 5.79% yesterday, more than a point above the 4.75% "trigger" level analysts say spurred the... More »

MORE ABOUT:
inflation • mortgage • US economy • mortgage rates • interest rate • refinanced mortgages

30 Stories


Applications for new mortgages remain low
Reuters

Realtors turn to Facebook to boost sales
Newsweek


Business  •  US 
TwitterFollow @NewserBusiness on Twitter

 
mortgage • mortgage rates • interest rate • refinanced mortgages • refinancing

from our news partners