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Paulson Says Utility Model Better For Fannie, Freddie - The Bulletin
Treasury Secretary Henry Paulson recommended replacing Fannie Mae and Freddie Mac with utility-like companies that would guarantee mortgages without maintaining investment portfolios. “A public utility-like mortgage credit guarantor could be the ...

Is It Time To Refinance Your Mortgage? - Forbes
Looking to refinance your mortgage? Do it now. Interest rates for 15- and 30-year fixed-rate mortgages are heading south of 5%, where they haven't been since Richard Nixon was president. Average 15-year fixed-rate loans, for example, are 4.67 ...

Don't miss the refinance window - HometownAnnapolis.com
CHICAGO - Lured by low mortgage rates, many homeowners have been rushing to refinance. Interest is gaining for good reason: Eligible borrowers can lock in rates that haven't been this attractive in decades. "With interest rates hovering around 5 ...

Refinancing your home might sound like a great idea for Genesee County ... - Grand Rapids Press
GENESEE COUNTY, Michigan -- You've heard about those historic low mortgage rates and, boy, you'd sure love to refinance and save yourself some cash every month. But if you bought your house in the past few years or put little down when you inked your ...

As mortgage rates slide, applications to refinance have gone through ... - Dallas Morning News
Homeowners are taking advantage of the drop in mortgage rates, lenders say, with refinancing applications rising 500 percent since October. But applications for new home loans have not followed suit, as buyers remain wary about the economy or wait to ...

Mortgage Rates Drop, Owners Refinance Save Email Print - WOWT
Mortgage rates continue to drop. This week rates on 30 year mortgages fell to a record low. The lowest level since 1971. John Kortes loves his turn of the century home. He bought it in 2001. Kortes has updated his kitchen, the appliances and now he ...

As loan rates fall, homeowners consider refinancing - Record Searchlight
The economic turmoil of 2008 has left few bright spots, but here's one: Mortgage rates have plummeted. Rates on 30-year, fixed loans are hovering around 5 percent - the lowest level since Freddie Mac began tracking rates in 1971. Some economists ...

Is now the time to refinance? - WCPO
The holidays are likely to be a little more cheery at Kevin Coughlin's home. Coughlin refinanced the adjustable-rate mortgage on his Shorewood, Minn., house this week into a 30-year fixed-rate mortgage that's going to save him $200 a month. "It takes ...

Borrowers seeking to refinance may face challenges - Frederick News-Post
With mortgage rates dropping to the lowest point in 37 years, homeowners are heading to lenders to refinance their loans. Jeri Benner of Mason Dixon Funding said her firm did 400 mortgages in December; about three-fourths of those were refinancing ...

Refinancing suddenly booms - Honolulu Advertiser
Historically low interest rates recently have sparked a mortgage refinance boom in Hawai'i that is helping homeowners and lenders during difficult economic times. The national average interest on a 30-year fixed-rate mortgage last week dropped to 5 ...

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Today's Mortgage Terms starting with O

  • Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.

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