Owners rethink flexible loans: Higher interest rates make some refinance adjustable mortgages

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refinance mortgage loans: Owners rethink flexible loans: Higher interest rates make some refinance adjustable mortgages Byline: Gloria Irwin Aug. 27 - T wo years after becoming a new home owner, Michelle Ketler of Akron and her husband have already been faced with the question of refinancing. The decision was easy. Faced with a $200 monthly jump in payments on their adjustable - rate mortgage, they decided to lock in Publication: Akron Beacon Journal Akron, OH

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rock - bottom rates on mortgage loans have ignited another wave of refinancing by consumers in recent weeks, including a lot more folks opting for 15 - year fixed loans (second mortgage loan)

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refinance loans dropped to 15% of conventional mortgage applications in the second quarter from 20% in the previous quarter and 36% in the year - earlier period, freddie mac said (refinance mortgage loans)

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Refinance Mortgage Loans: LENDERS URGING HOMEOWNERS TO REFINANCE MORTGAGE LOANSLENDERS URGING HOMEOWNERS TO REFINANCE MORTGAGE LOANS

mortgage lenders are urging homeowners who borrowed in the early 1980s to refinance their mortgage loans, and many are doi ng just that. exactly what does the transaction involve? "it's (refinance mortgage loans)

 
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