Rates Jump, Refis Drop

Berry, Kate
June 2009
National Mortgage News;6/8/2009, Vol. 33 Issue 36, p1
Trade Publication
The article reports analysis on the effect of the increasing mortgage rates to the refinancing of lenders in the U.S. It notes that when the mortgage rates increase, the booming refinancing activities which benefited lenders will be threatened. It cites financial experts including Chief Executive Officer (CEO) of Lenders One, Scott Stern, saying that there are many eligible borrowers, but when rates increase, lenders have to do marketing job to attract those borrowers.


Related Articles

  • Price Benefits Are Hard to Explain. Sinnock, Bonnie // Origination News;Oct2011, Vol. 21 Issue 1, p37 

    The article reports that rate for the mortgages are appealing to borrowers but lenders find it difficult to take advantage with the low prices. According to Scott Stern, chief executive of St. Louis-based Lenders One cooperative, the ideal time to buy something is the present time even a lot of...

  • Mortgages: Bust, Fizzle or Just Fine In 2006? Freeman, Lisa // Credit Union Journal;1/9/2006, Vol. 10 Issue 1, p1 

    The article reports on the recent state of mortgage market as interest rates continue to rise in Madison, Wisconsin. The opportunity to refinance for savings diminishes as rates increase thus significantly lower mortgage origination volumes are seen. Despite rising rates, there are still...

  • The End of Cheap Money. Conrad, Lee // U.S. Banker;Apr2005, Vol. 115 Issue 4, p45 

    Discusses the impact of the continuous rise of interest rates on mortgage banking in the United States. Reasons why mortgage rates did not increase in 2004 despite the Federal Reserve rate hikes; Impact of interest rates on homeowners and home buying; Top mortgage-servicing companies in the...

  • Nasty shock for homeowners. Hall, Jerry // Chartered Accountants Journal;Apr2005, Vol. 84 Issue 3, p43 

    Reports that floating mortgage rates in New Zealand were raised to over 9% in March 2005. Announcement of the Reserve Bank’s decision to lift the official cash rate; Consolidation of New Zealand’s position as having the highest interest rates in the world.

  • HD MORTGAGE RATES.  // Long Island Business News (7/1993 to 5/2009);4/1/2005, Vol. 52 Issue 14, p26A 

    Presents a chart showing mortgage rates in Long Island, New York, for the week of April 1-7, 2005. Americana Mortgage Group rates; Bethpage Federal Credit Union rates; GreenStreet Financial Group rates; Suffolk County National Bank rates; Wells Fargo Home Mortgage rates.

  • Mortgage applications jump. Investor's Business Daily // Investors Business Daily;10/31/2013, pA02 

    Overall applications rose 6.4% in the week ended Oct. 25 as mortgage rates fell to the lowest since June. Refinancing activity leapt 9%, snapping a losing streak. Demand for loans to buy a home rose 2.3%, the 2nd straight weekly gain.

  • Lifetime rate war appears to be over.  // Mortgage Strategy;10/3/2005, p32 

    Reports on the period of steadiness in the lifetime mortgage market in Great Britain. Indication that interest rates appear to be at their lowest; Rate differences between drawdown and fixed single advance; Open-ended drawdown option available at an initial annualized rate, making it the lowest...

  • Illinois mortgage rateline announced.  // Illinois Banker;Oct2006, Vol. 91 Issue 10, p22 

    The article informs that the Real Estate Capital Institute has made available one of the first independent mortgage rate watch services for Illinois. The service "The Real Estate Capital Rateline-7RE-CAPITAL," provides unbiased and commercial-free research. The service does not advertise...

  • FOS receives 300 complaints on Bank of Ireland mortgage rate hike. Dale, Samuel // Money Marketing (Online Edition);8/13/2013, p26 

    The article informs about the claims and complaints made by chief executive officer (CEO) of Financial Ombudsman Service (FOS), related to Bank of Ireland's tracker mortgage rate increase. It discusses several facts which includes rise on higher capital requirements, increased complaints against...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics