Quick Mortgage Refinancing

While hobnobbing at a downtown DC sandwich shop, Taylor Gourmet, President Obama notified reporters today that mortgage refinancing should be made easier “because they’ve got an extra $2,000 in their pocket. Then they can buy more hoagies or go shop for some outstanding organic foods,” the Washington Free Beacon reports .

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NEW YORK (Reuters) - Applications for U.S. home mortgages surged last week, driven by increased demand for refinancing as interest rates hit fresh lows, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, jumped 9.2 percent in the week ended May 11. The …

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Applications for mortgage refinancing have seen a sharp increase since new, relaxed guidelines for the Home Affordable Refinance Program (HARP) were unveiled last fall, the White House announced

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Political news from today's Times and around the Web, plus a look at the weekly addresses and the latest happenings in Washington.

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Political news from today's Times and around the Web, plus a look at the weekly addresses and the latest happenings in Washington.

Filed under: Mortgage Refinancing News | No Comments »