Why You Should Refinance Now If You Have an Adjustable Rate Mortgage (Benton Evening News)
(ARA) - If you took out a mortgage on your home between 2002 and 2005, chances are good you ended up going with an adjustable rate mortgage or ARM. Back then, it was just too good of a deal to pass up.

Financial services firms establish mortgage program in D.C. (bizjournals.com via Yahoo! Finance)
Several financial services companies and organizations announced a $200 million commitment to launch a mortgage program that makes 30-year fixed-rate mortgages available to eligible D.C. residents with little or no credit history.

Mortgage demand falls despite interest rate dip (USA Today)
Mortgage applications fell for a second week, largely reflecting a drop in demand for home refinancing, an industry group said Wednesday.

Mortgage apps down despite rate drop (CNN Money)
Volume declines nearly 3 percent in previous week despite recent decline in interest rates; 30-year fixed rate hits 6.32 percent.

CORRECT: U.S. mortgage rates edge lower: Freddie Mac (Market Watch)
CHICAGO (MarketWatch) -- U.S. mortgage rates edged lower in the week ending Thursday, with the national average on the benchmark 30-year, fixed-rate loan hitting 6.37% vs. 6.42% a week earlier, Freddie Mac said in its weekly survey. The 15-year, five-year hybrid adjustable-rate and one-year ARM also inched down. The declines follows three weeks in which rates on longer-term mortgages had risen. ...