Comments on: Mortgage Activity At 5 Year High – Refinances Dominate http://www.therealestatebloggers.com/2009/01/02/mortgage-activity-at-5-year-high-refinances-dominate/ Real Estate Blog, Mortgage, and Development News Thu, 11 Mar 2010 05:57:15 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Mortgage http://www.therealestatebloggers.com/2009/01/02/mortgage-activity-at-5-year-high-refinances-dominate/comment-page-1/#comment-323039 Mortgage Sat, 03 Jan 2009 04:12:03 +0000 http://www.therealestatebloggers.com/2009/01/02/mortgage-activity-at-5-year-high-refinances-dominate/#comment-323039 With mortgage rates poised to drop to 4.5 percent all we need now is some tax incentives to help home sales. With mortgage rates poised to drop to 4.5 percent all we need now is some tax incentives to help home sales.

]]> By: Eric http://www.therealestatebloggers.com/2009/01/02/mortgage-activity-at-5-year-high-refinances-dominate/comment-page-1/#comment-323026 Eric Sat, 03 Jan 2009 03:55:32 +0000 http://www.therealestatebloggers.com/2009/01/02/mortgage-activity-at-5-year-high-refinances-dominate/#comment-323026 I think the overall interest in refinancing was definately high recently. However the problem is that although the rates dropped, many borrowers could not refinance because their home values dropped. Their new loan to value ratios were pushed up over 80% and their refinance would require PMI, thus wiping out much of the reduction in monthly interest. I think the overall interest in refinancing was definately high recently. However the problem is that although the rates dropped, many borrowers could not refinance because their home values dropped. Their new loan to value ratios were pushed up over 80% and their refinance would require PMI, thus wiping out much of the reduction in monthly interest.

]]> By: CompeteRealty http://www.therealestatebloggers.com/2009/01/02/mortgage-activity-at-5-year-high-refinances-dominate/comment-page-1/#comment-322756 CompeteRealty Fri, 02 Jan 2009 15:55:51 +0000 http://www.therealestatebloggers.com/2009/01/02/mortgage-activity-at-5-year-high-refinances-dominate/#comment-322756 This is the start of where the market can begin to level out. Home owners will start to be able to afford their homes much easier. Then the number of foreclosures on the market will slowly start to diddle down as new buyers come along and buy up what's currently for sale. This is the start of where the market can begin to level out.

Home owners will start to be able to afford their homes much easier. Then the number of foreclosures on the market will slowly start to diddle down as new buyers come along and buy up what’s currently for sale.

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