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Springs homeowners could benefit from FHA refinancing program

Colorado Springs homeowners with FHA- backed mortgages are catching a break with a new refinance program that aims to help  lower monthly payments. The FHA Streamline Refinance program went into effect Monday and is designed to help homeowners who bought houses roughly between 2005 and May 31, 2009, when interest rates were running at 6… Continue Reading Springs homeowners could benefit from FHA refinancing program

Commercial loan strength returning

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Commercial loans were up 40 percent during the first two months of this year, compared to the same period last year. Land Title Guarantee Co. Manager Randy Slaybaugh, who tallied the numbers, said they are a blend of new commercial loans and refinanced and modified loans, Slaybaugh said. Industry insiders say a combination of market… Continue Reading Commercial loan strength returning

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Mortgages increase for the fourth week

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With mortgage rates at fresh record lows, mortgage activity was higher for the fourth straight week, according to the Mortech-MortgageDaily.com Mortgage Market Index. “It was a small increase, but an increase all the same,” said MortgageDaily.com editor Sam Garcia Purchase activity was up and rates were down. The index was 355 for the week ended… Continue Reading Mortgages increase for the fourth week

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