Bad Credit and Home Refinance (Richfield Reaper)
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit?

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.

Mortgage applications dip 2.7% 7:44 AM CT (Dallas Morning News)
Mortgage applications in the U.S. fell 2.7 percent last week as purchases declined to the lowest since April and refinancing cooled. The Mortgage Bankers Association's index of applications to buy a home or refinance a loan dropped to 636.7 from 654.2 the prior week.

How to Determine if it's Time to Refinance (Benton Evening News)
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators?

Westpac buys Australian mortgage lender's operations (International Herald Tribune)
Westpac Banking will buy the brand and distribution business of Rams Home Loans Group, snapping up assets of the lender which struggled to refinance its debt after the U.S. subprime mortgage crisis.