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Mortgage applications fall  U.S. mortgage applications fell last week as interest rates climbed to 17-month highs and demand for refinancings slid to their lowest level this year.read more...


Congress giving tax breaks to Katrina victims  Congress has readied more than $6 billion in temporary Katrina tax breaks for displaced families, good Samaritans and Gulf Coast businesses that hire low-income workers to get up and running


Northern Rock to halve mortgage book, cut 2,000 jobs (Reuters via Yahoo! News)   British bank Northern Rock said it will cut about one third of its workforce and shrink its mortgage lending by half as it aims to repay billions of pounds


Building Trades target non-union downtown housing  MINNEAPOLIS , As high-end condominium and loft complexes mushroom throughout downtown Minneapolis, Building Trades union members sent a message Thursday that they want the new structures built with union labor.via


Deregulated fee income revives banks  A decline in bad-loan disposal costs, coupled with a rise in commissions from individual customers, pushed up the combined profit at the nation's six largest banking groups to a record


Four Kara Homes complexes being sold to pay off debts  Kara Homes Inc. has decided to sell four of its developments - including one in Monroe - to pay off money owed to one of its creditors, Magyar Bank.Commentread more...

October 25th, 2006

Mortgage Refinancing 101: A Brief Overview (Turks.US)

As current market trends present lower rates, people consider mortgage refinancing their home loans in order to saving thousands of dollars in interests. This article gives a brief overview that allows one to determine whether mortgage refinance is a suitable decision.

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