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?

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 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.

Refinance Now to Avoid your ARM rate Increase (Richfield Reaper)
(ARA)- The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. To take best advantage of it, look at where you are and assess your needs. Then explore the market.

Analysts doubt impact of raising caps (AP via Yahoo! News)
Efforts in Congress to let mortgage companies Fannie Mae and Freddie Mac refinance more at-risk loans could have a key flaw: many of those loans were made with such loose standards that borrowers are likely to default anyway, analysts said.