Your only refinancing mortgage news source! Click on each item to read full story.   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.   Find the Best Deal on Refinancing Your Home (Carteret County News-Times) read story (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?   Fixed mortgage rates go up (NBC26 Green Bay) read story NEW YORK -- Fixed mortgage rates were modestly higher, with the average conforming 30-year fixed mortgage rate rising to 6.19 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.39 discount and origination points.   Cost of fixed-rate mortgages soars (Channel 4) read story Homeowners refinancing their mortgage face the highest fixed-rates deals since the start of the decade, it was reported.   Economy - Wednesday (Investor's Business Daily via Yahoo! News) read story The Mortgage Bankers Association said mortgage applications for the week ended May 9 rose 2.9% to 674.4. The group said applications rose for a 2nd week as lower interest rates sparked a 6.5% jump in refinancing activity. Applications for buying a home fell 0.7%. With Treasury yields near 2008 highs, mortgage rates are moving back up.   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 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.   (AFX UK Focus) 2008-05-13 10:17 German Refinancing Register RMBS see heightened interest from originators -Fitch (Interactive Investor) read story BANGALORE (Thomson Financial) - Fitch Ratings said German true-sale residential mortgage-backed securitisations (RMBS) involving the application of the Refinancing Register have seen heightened interest from originators since the beginning of 2008 as true-sale structures are eligible for ECB repos as opposed to the traditional German synthetic RMBS transaction, which does not qualify.   Bankrate: Fixed Mortgage Rates Inch Higher (PR Newswire via Yahoo! Finance) read story Fixed mortgage rates were modestly higher this week, with the average conforming 30-year fixed mortgage rate rising to 6.19 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.39 discount and origination points.   Mortgage applications rose 2.9% last week: MBA (Market Watch) read story Mortgage applications rise a seasonally adjusted 2.9% last week compared to the prior week, driven by increased interest among homeowners seeking out refinancings, according to the Mortgage Bankers Association data.