Why is that? Assuming you are talking about loans for individual-residential purchases and not construction/developer borrowing.

Is that a state specific thing, or it applies nationwide because one of the federal mortgage regulators implements it?

That's a nice per month reduction. Did the number of remaining payments stay the same or increase?

Another simpleton simple question from the uneducated, why do refis always have a higher interest rate than first mortgages?

Wish it weren't so but I believe you are correct on that point. No matter I'll still keep watching.

I'm at the 4 year mark into a 10 year at 2.875%. If any of you mortgage peoples on here see a...

I need to ask a jong refi question. Do refi's only come in ten, 15 and 30 year terms?

What happens if someone is refinancing with 7 years left on a mortgage, their only option is to go out to 10...