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Time to Refinance? Low Rates Are Just One Factor

NEW YORK (Main Street) — With mortgage rates setting record lows, refinancing has an obvious appeal to any homeowner who passed up earlier opportunities. In fact, refinancing could make sense even for those who got their current mortgage as recently as a year ago.

Today, the 30-year fixed-rate loan charges a mere 4%, according to the BankingMyWay.com survey. It was 5% this time last year.

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TransUnion: National Mortgage Loan Delinquency Rates Hit Lowest Level Since 2009

CHICAGO, IL–(Marketwire -05/09/12)-
The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) declined for the first 3 months of 2012, coming in at 5.78%. This improvement ends 2 quarters of increases that began in Q3 2011. This information is reported by TransUnion and is part of its ongoing series of quarterly analyses of credit-active U.S. consumers and how they are managing credit related to mortgages, credit cards and auto loans.

Prior to Q3 2011, 60-day mortgage delinquency rates had dropped for six consecutive quarters. This latest quarter brings the delinquency rate to its lowest point since Q1 2009.

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Record Mortgage Rates: What to Do?

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CBS MoneyWatch Editor-at-Large Jill Schlesinger discusses how to take advantage of record low mortgage rates. …

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How to Compare Mortgage Rates and Lenders the Right Way!

http://www.youtube.com/v/lcnRE4X_akE?version=3&f=videos&app=youtube_gdata

503.698.5801 – GoNorthwestLoans.com If you are shopping for a home loan, you MUST know the right way to compare lenders, and how to choose the best rate/fee structure for your needs. This video has some great tips and advice on how to make the best choice. HARP refinances available now with unlimited loan-to-value! …

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