Comments on: Mortgage Loan As A Harbinger of Foreclosure http://www.mortgagelowdown.com/2006/11/mortgage_loan_a.html News, tips and resources Thu, 20 Nov 2008 10:38:18 +0000 http://wordpress.org/?v=2.5.1 By: Mike http://www.mortgagelowdown.com/2006/11/mortgage_loan_a.html#comment-33 Mike Wed, 08 Nov 2006 22:24:51 +0000 http://www.mortgagelowdown.com/2006/11/mortgage_loan_as_a_harbinger_of_foreclosure.html#comment-33 Cash Out Refinance Loans At 16-Year High Homeowners continue to prefer cash out refinance loans to other forms of borrowing. Frank Nothaft, Freddie Mac vice president and chief economist, says, "Mortgage borrowers continue to refinance their mortgages at a higher frequency than historically would have occurred given the rise in mortgage rates over this year. But the wide proliferation of adjustable-rate mortgages (ARMs) originated in the past few years that are nearing their first interest-rate adjustment provides borrowers an incentive to refinance into a lower-cost ARM or fixed-rate mortgage. In addition, borrowers who might have considered a prime rate home equity loan for a home improvement or other need are turning to cash out refinance options now that the prime rate is above 8 percent." You can learn more about refinancing and get a free loan quote at sites like Simple Mortgage Refinancing and Bad Credit Mortgage Refinancing Now. Cash Out Refinance Loans At 16-Year High

Homeowners continue to prefer cash out refinance loans to other forms of borrowing. Frank Nothaft, Freddie Mac vice president and chief economist, says,

“Mortgage borrowers continue to refinance their mortgages at a higher frequency than historically would have occurred given the rise in mortgage rates over this year. But the wide proliferation of adjustable-rate mortgages (ARMs) originated in the past few years that are nearing their first interest-rate adjustment provides borrowers an incentive to refinance into a lower-cost ARM or fixed-rate mortgage. In addition, borrowers who might have considered a prime rate home equity loan for a home improvement or other need are turning to cash out refinance options now that the prime rate is above 8 percent.”

You can learn more about refinancing and get a free loan quote at sites like Simple Mortgage Refinancing and Bad Credit Mortgage Refinancing Now.

]]> By: jordan http://www.mortgagelowdown.com/2006/11/mortgage_loan_a.html#comment-32 jordan Tue, 07 Nov 2006 00:53:32 +0000 http://www.mortgagelowdown.com/2006/11/mortgage_loan_as_a_harbinger_of_foreclosure.html#comment-32 I was wondering if you would like to swap links. I like your blog a lot. contact me at golfgroom@cox.net looking forward to hearing from you!! I was wondering if you would like to swap links. I like your blog a lot. contact me at golfgroom@cox.net

looking forward to hearing from you!!

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