Magazine article from our research archive:

The Race is On to Refinance.(Brief article)

Byline: PATRICIA MERTZ ESSWEIN

RATES WELL UNDER 6% FOR a 30-year fixed mortgage have many homeowners racing to their lenders--none faster than homeowners whose adjustable rates reset soon. The Mortgage Bankers Association reported in mid January that refinance applications were up 92% since the beginning of November.

The better your credit score and the more equity you have in your home, the better the deal you will get. Most lenders won't make loans equal to more than 90% to 95% of the home's value except to borrowers with the very best credit scores--say, 720 or above.

Adjustable-rate mortgage borrowers are also getting some relief. Last summer, borrowers with ...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!