🍻 Our final KaiPA pint glasses are available NOW to anyone who donates to our nonprofit newsroom. Donate now

Millions of homeowners could still save by refinancing

Sep 4, 2020
The hassle isn't the only thing stopping them.
A residential neighborhood in Las Vegas. Nearly 18 million people could refinance their mortgages at lower rates, a mortgage data firm estimates.
Ethan Miller/Getty Images

Could falling interest rates mean a pick-up in hiring by mortgage lenders?

Apr 3, 2019
It looks like refinancing is making a comeback in the housing market. Dropping interest rates have brought a spike in applications to refinance mortgage loans. According to a report from financial analysts Black Knight, about 5 million homeowners in the US could benefit, saving hundreds of dollars a month. But is it a boon for […]
Pedestrians pass by a sign advertising low refinance rates at a US Bank office in San Francisco, Calif.
Justin Sullivan/Getty Images

As home prices recover, banks resume offering HELOCs

Jun 2, 2014
HELOCs, a form of second mortgage, are waking up from hibernation. And they're hungry.

Is the interest rate risk worth it?

Feb 29, 2012
We have 7 years left to go to finish paying off our mortgage and we have a manageable amount of home equity borrowing. How wise or risky would it be to consolidate that, borrowing at a lower rate, if the new loan would be a home-equity loan? That's the advice we're hearing from our bank and the stated rate should be lower than the rates we have on our existing mortgage and home-equity borrowing. Is there a reason to think twice about this? Thanks! John, St. Paul, MN