Houston Refinance

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Posts by Houston Refinance

Mortgage demand at six-week highs on refinance wave

February 8, 2010 - 10:21 am

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NEW YORK (Reuters) – Demand for home loans rose to a six-week high on a mini refinance wave, with borrowers pushing to lock in rates before they climb later this year, the Mortgage Bankers Association said on Wednesday, Applications to buy homes and refinance loans jumped last week to mid-December levels as average 30-year mortgage [...]

Houston Refinance Directory

January 25, 2010 - 1:06 pm

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Houston Refinance is building an online directory for any refinance or real estate related websites.  Houston Refinance’s listings are approved by our staff and it is completely free.  We will verify your website contents before posting it to the directory to ensure our directory only has quality listings.  If you’re interested in advertising with us [...]

Owners: $5.4B NY housing complexes go to creditors

January 25, 2010 - 10:35 am

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Owners: 2 NYC apartment complexes bought for record $5.4B will be turned over to creditors NEW YORK (AP) — The financially troubled owners of two massive apartment complexes that sold for a record $5.4 billion a few years ago said Monday they’re turning them over to their creditors. The joint venture ownership team led by [...]

Houston Refinance 101

December 11, 2009 - 3:25 pm

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Refinancing 101 What is refinancing? Refinancing applies to your original mortgage loan when you are replacing it with a new mortgage loan.  Refinancing your mortgage can give you more options such as monthly payments, changing the term of the loan terms as well as rates.  When you refinance your mortgage loan there are certain pros [...]

Mortgage Rates Rose Slightly But Still Within Record Lows

December 11, 2009 - 11:24 am

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Mortgage rates moved up slightly this week but remain within striking distance of record lows. The average 30-year fixed-rate mortage rate is 5.04% according to bankrate.com. On larger jumbo mortgages the average rate is 6%. Don’t be fooled by the lower adjustable-rate mortgages. For example, the current adjustable-rate is 4.55%. Even though the adjustable mortgage [...]

Mortgage Interest Rates at Record Low

November 12, 2009 - 10:43 am

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Bankrate.com mortgage analysis showed that mortgage interest rates are at its lowest. For those in Houston looking mortgage refinance, the rates has never been lower. Interest rates are in a near record low. Fannie Mae and Freddie Mac have been tightening lending standards for more than 2 years to prevent loans to be given out [...]

Fannie Mae to Rent out Homes Instead Foreclosing

November 5, 2009 - 11:30 am

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Fannie Mae to allow troubled borrowers to hand over deeds to homes, let former owners rent Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy announced Thursday. The government-controlled company, through its new “Deed for Lease” program, will allow borrowers to [...]

Landry’s Restaurant plans to Refinance

November 4, 2009 - 5:55 pm

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Houston Refinance Landry’s Restaurants Inc. said Wednesday it plans to refinance its debt and fund a portion of its takeover by CEO Tilman J. Fertitta with proceeds from a debt offering. The offering totals up to $550 million in newly issued senior secured debt securities issued in a private placement. Fertitta, who also serves as [...]

Mortgage Rates Remained Unchanged Today

November 3, 2009 - 10:57 am

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Houston Refinance Update According to Subprime Blogger, the conventional 30 year fixed rate mortgage is at 4.79% while the 15 year fixed mortgage rate is at 4.27%.  The conventional 5/1 ARM is up slightly to 3.84%.  FHA home loan rates are generally .5% to .75% higher than conventional mortgage rates but it varies per lender.  [...]

The 10 year U.S Treasury yields fell below 3.50%

November 2, 2009 - 12:11 pm

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Mortgage interest rates dipped slightly today.  The 10 year U.S Treasury yields fell below 3.50%.  Even though mortgage interest rates lowered slightly, there has been signs that the economy is beginning to pick up.  If you’re looking for a time to refinance do not wait any longer to get a lower interest rates as it [...]