Your only mortgage refinance rate news source! Click on each item to read full story.   How to Determine if it's Time to Refinance (Carteret County News-Times) read story (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?   Bad Credit and Home Refinance (Carteret County News-Times) read story (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?   Shelby opposes mortgage plan (Montgomery Advertiser) read story A major mortgage-relief bill would help refinance shaky mortgages. Sen. Richard Shelby, the top Re publican on the Banking Com mittee, will oppose it.   Mortgage analysis (Bankrate.com via Yahoo! Finance) read story Each week Bankrate surveys mortgage rates around the country, and senior reporter Holden Lewis analyzes what the changes mean.   Mortgage applications rise in latest week: MBA (Reuters via Yahoo! News) read story Mortgage applications rose for a second consecutive week, fueled by a jump in demand for home refinancing loans as interest rates dropped, an industry group said on Wednesday.   Mortgage rates jump slightly (Bankrate.com) read story Most mortgage rates went up this week, but that was almost beside the point in the country's expensive housing markets. Finally, the rates on the new jumbo-conforming loans went down.   Mortgage application volume up slightly (CNN Money) read story Home loan applications rise 2.9% last week as interest rates fall. WASHINGTON (AP) -- Mortgage application volume rose 2.9% during the week ending May 9, according to trade group Mortgage Bankers Association's weekly application survey.   New Jumbos Slow To Take Off; Can Better Rates Help Them Fly? (Investor's Business Daily via Yahoo! News) read story Real estate in high-priced areas is finally becoming a little easier to buy or refinance, thanks to the jumbo conforming loan program approved by Congress in February.   How to Make the Most of the Federal Rate Cut (Richfield Reaper) read story (ARA) - If you're in the market for a new home, new car or even a personal loan you could benefit from the recent interest rate cuts on loans. What's more, the rewards could be even greater if you check your credit before applying for a loan.   Peter Boutell, Lending a Hand: Good news on adjustable rate mortgage loans (Santa Cruz Sentinel) read story Adjustable-rate mortgages were created to take the risk of rising rates away from banks and mortgage companies and place it squarely on the shoulders of the borrower.