Mortgage applications surge on refinancing demand: MBA

Mortgage applications up, actual loans approved down.

pushing more retirees into POVERTY! How can you live on 0 interesst rates?

So what is the rate of approval compared to this supposed increase in application, and how does that compare to approvals prior to TARP for bailed out banks. Let's' do some real research on our reporting...this article is poorly done!

Yeah, the key word being "applications", as opposed to approvals.

How many of these apps will be deneid because their house is underwater by so much becasue they put next to nothing down.

can't wait for friday's pm signature news event

Wall Street must have figured out another way to screw people over ...

This will end by the end of the month when mortgage rates rise to pay for the payroll cut extension that congress passed in December.

Remember how only a few months ago all the commentators were saying how "everyone who was going to refinance, has refinanced"? They were wrong as usual. I still haven't. I'm holding out for a 3% zero points 15 year.

CERTAINLY WANT TO VALIDATE THE FRACTIONAL RESERVE BANKS PRINTING OF 10 TO 100 DEBT DOLLARS FOR EVERY DOLLAR BORROWED THAT COMPETE EUALLY WITH A DOLLAR OF SAVINGS IN HOUSE BUYING AND DROVE THE PRICES TO A RANGE THAT ENSLAVED YOU.......FOR A 3.5 PERCENT PLUS FEES MORTGAGE...

The prices in stores are inflated already! When will we take these people to jail?

more liberal propaganda for the reelection of odumba

90% of them time people who refiance really dont make money over time, on paper sure, but not in reality. If you pay $5K to refianance and then keep $5K on credit cards you are nuts. In that scenario you could have kept the $5K off credit cards at say 8%, but instead you are borrowing money at 8% to save say 4% on your mortgage. Over time you may actually be losing 4%. On paper the break even point is around 5 years. But then again, owing less principal you lose part of your mortgage deduction in later years, when your income is probably up, so your savings is less. The smarter method is just to increase payments to principal. But then again, the bankers lose money when you do that. Just my observation. If you have to move or sell in the payoff window, you lose money and then there is that 7% realtors charge. So, if you refiance, it may be 10-11 years before you can break even. JD,MBA,MA

Refinancing bonds = trouble
Refinancing mortgage = trouble
Refinancing credit cards = trouble

people can apply all they want, IT DOES NOT MEAN THAT THEY ACTUALLY GET THE MORTGAGE!