Question by shesthat1: What is the effective cost of combined loans? PLEASE HELP! I’ve been trying to figure out this problem for 45 minutes now. Bud is offering a house for sale for $ 180,000 with an assumable loan which was made 5 years ago for $ 140,000..? Bud is offering a house for sale [...]

Refinance Activity, Mortgage Rates and Effective Rate The Refinance Index increased 17.1 percent from the previous week and was the highest Refinance Index observed in the survey since the week ending May 15, 2009. … The refinance share of mortgage activity increased to 81.4 percent of total applications from 78.1 percent the previous week, which [...]