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Refinancings Boost Blackhawk Profits
Posted on February 17th, 2011 No commentsThe profits of Beloit-based Blackhawk Bancorp Inc. increased 52 percent in the fourth quarter on revenue from mortgage refinancing and an improved net interest margin. The company had net income of $886,000, or 33 cents a share, up from $582,000, or 19 cents, in fourth quarter 2009, the Milwaukee Journal-Sentinel reported. -
Lenders Ready for Round Two of Refinancing
Posted on August 13th, 2010 No commentsWith mortgage rates continuing their downward march, homeowners who have already refinanced once are starting to come around for a shot at an even cheaper loan as the average rate for a 30-year, fixed rate mortgage hit 4.44 percent, the Milwaukee Journal Sentinel reported.
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When to Refinance? Tips for Rate-Watchers
Posted on August 13th, 2010 No commentsMany homeowners have been watching mortgage rates go down and wonder whether it is time to refinance — but when is the ideal time to take this step? Jim Boettcher, vice president/mortgage officer at the Union State Bank in Bellevue, writes about refinancing in his column in the Green Bay Press Gazette.
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Wisconsin Banks Busy With Refinancings
Posted on October 10th, 2009 No commentsMadison-area banks are getting plenty of refinancing business since mortgage rates dropped below 5 percent. “We’re extremely busy right now,” said Dan Leeder, vice president of mortgage lending for Park Bank. “Our volume has tripled in the past week.” Refinance applications were up 18 percent nationally the week of Oct. 7 from the previous week, the Wisconsin State Journal reported.