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Interest rates falling on jumbo loans (San Jose Mercury News)
Posted: May 16th, 2008, 8:01pm CDT
Months after many eager homeowners starting gearing up to refinance their mortgages, interest rates for Bay Area-sized mortgages are finally falling. -
Congress debates aid package for homeowners (USA Today)
Posted: May 16th, 2008, 7:36pm CDT
Despite a threatened veto, the House on Wednesday debated a broad housing package intended to help hundreds of thousands of troubled homeowners refinance into cheaper mortgages and provide tax breaks for first-time buyers. -
Fannie Mae relaxes loan down-payment requirements (Reuters via Yahoo! News)
Posted: May 16th, 2008, 4:12pm CDT
Fannie Mae, the largest U.S. home funding source, is setting a single national standard for down payments on mortgages it buys, including areas where home prices are falling, in an effort to stimulate the housing market. -
How to Determine if it's Time to Refinance (Carteret County News-Times)
Posted: May 16th, 2008, 8:55am CDT
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators?