Underwater mortgage refinance tough to find
The summer has seen the lowest mortgage rates in generations. But there’s a problem for homeowners who want to grab those great rates through a refinance. Roughly one-quarter of homeowners with a mortgage are underwater, owing more than their homes are worth, according to real estate analytics company CoreLogic. Many such borrowers have adjustable-rate mortgages and want to refi before their …
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Mortgage Rates Hit 4.44 Pct. as Economy Sours
WASHINGTON (AP) – Growing pessimism over the weak economic recovery pushed mortgage rates to the lowest level in decades for the seventh time in eight…
Read more on The Memphis Daily News