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Home Refinancing Soars as mortgage loan Rates Plunge

The Mortgage Bankers Association's most recent report on mortgage applications noted a week-over-week increase of 49.1% in its seasonally adjusted composite index for the week ending January 9.

Mortgage applications spike

A sharp drop in rates, combined with lower costs for the most popular mortgage products, sent mortgage applications soaring.

FHA to cut mortgage insurance premiums: White House

By Lindsay Dunsmuir WASHINGTON (Reuters) – The Federal Housing Administration will reduce annual mortgage insurance premiums by 0.5 percentage point to 0.85 percent from 1.35 percent, the White House said on Wednesday. President Barack Obama will discuss the action in a speech in Phoenix on Thursday. The premium cut is the latest in U.S. government efforts to widen mortgage access against a …

mortgage loan Rates Turn Lower After Holidays

The Mortgage Bankers Association's most recent report on mortgage applications noted a decrease in the seasonally adjusted composite index for the two-week period ending January 2.