Tag Archives: refinance

New study reveals the rise of home loan hostages

Three quarters of Australian borrowers are now at risk of becoming home loan hostages due to their lifestyle and financial decisions, new research from mozo.com.au has found. “Home loan customers might be unaware that when they go to refinance their home loan with a new lender, they are assessed as though they are a new […]

Does it make sense to refinance your mortgage now

Millionaires aren’t always confident about retirement, survey says 35% of millionaires have low confidence levels about living a comfortable retirement By Didier Malagies • 09 Feb, 2023 • According to a survey conducted and published by Natixis Investment Managers, 35% of millionaires agreed with the statement that “it will take a miracle to achieve a […]

Mortgage refinance demand jumps 18% as interest rates drop

A ‘For Sale’ sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida. Joe Raedle | Getty Images Mortgage rates continued to fall last week, and both current homeowners and potential homebuyers reacted swiftly. Total mortgage application volume, including refinances and loans to purchase a home, jumped 7.4% […]

You will refinance again in 2023 when the government pivots

When it comes to buying a house, t. are a lot of things to worry about—like what kind of mortgage you’ll be getting and whether or not the interest rate will be higher than you expected. But t.’s one thing that I want you to remember: The time will come when interest rates will drop, […]

Negotiate a better interest rate before next RBA meeting

It’s been a tough start to 2023 for mortgage holders with inflation rising to 7.8% in the 12 months to December. This is the fourth consecutive quarter CPI has increased and indicates the Reserve Bank of Australia will most likely increase the official cash rate when it meets for the first time in 2023 on […]

Mortgage rate drop drives refinance demand

ShareShare Article via FacebookShare Article via .Share Article via LinkedInShare Article via E. CNBC’s Diana Olick joins ‘The Exchange’ to discuss the drop in mortgage rates, increased demand for refinancing and the drop in mortgage applications for home purchases. 01:01 Wed, Jan 11 20232:28 PM EST source

Broker weighs in on refinance boom

A broker has shared his views on the refinancing and cashback trends in the home loan market, as competition among lenders heats up. Brisbane mortgage broker Tom Uhlich (pictured above left), who owns brokerage Boss Money, said t. was slight panic in the market with many wanting to refinance to “low” fixed rates that no […]

Reverse Mortgage for a purchase or a refinance

Buydowns become key for buyers to beat the market By DDA Mortgage • 29 Nov, 2022 • It’s a terrible time for homebuyers. Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in […]

Mortgage brokers ask FHFA to rethink cash-out refinance price hike

The National Association of Mortgage Brokers has asked the Federal Housing Finance Agency to change its plan to raise the price of certain cash-out refinances in February of next year. Although the cash-out hikes offset some price breaks that help make some loans used by first-time buyers more affordable, they put pre-existing borrowers at a […]

Mortgage applications continue downward trend as rates hit 21-year high

Read more: FHFA updates GSE loan pricing, slashing certain upfront fees Refinance application activity was virtually unchanged, posting a 0.1% gain from the previous week. Consequentially, the refi share of mortgage activity grew five basis points to 28.8%. Meanwhile, purchase applications fell 2% to the slowest rate since 2015 – 42% behind last year’s pace. […]