Mortgage refinancing market drying up - 2005-04-02
Higher interest rates are drying up the home refinancing market both nationally and locally. That could mean trouble for some companies that specialize in refinancing, according to lenders.

Mortgage refinances made up a little less than 38 percent of all mortgage loan originations the week ended March 25, according to figures from the Mortgage Bankers Association of America. That's the lowest level since last August and down from 62 percent at the same time last year.
Read the full story at Lincoln Journal Star

A few simple rules can help you better manage your money - 2005-04-02
Shortcuts, anyone? Different time-saving rules of thumb can help most people manage their finances better. The following tips keep things simple while still pointing you in the right direction.

Refinance your mortgage if you can lower one-half to three-quarters of a percentage point. The old "don't refinance unless you can save 2 percent" rule is outdated, McBride said. He says homeowners can profit from smaller rate differentials - at least people who plan to stay in their dwellings five years or more.
Read the full story at The Arizona Republic