Historic low mortgage interest rates, Refinancing Options & New HUD program

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Interest rates have been strong all year, last week however, we saw mortgage backed securities rally each day and with the release of unemployment figures on Friday we are now officially sitting at historic lows! If you have not taken advantage of these rates…what are you waiting for? Maybe you have been told that you don’t have enough equity in your home due to the housing market trending down over the past few years?

Well there is something here for you too! The Home Affordable Refinance Program (HARP) is a program developed by Fannie Mae and Freddie Mac that helps folks with little or no equity in their homes take advantage of today’s fantastic mortgage rates. Continue reading “Historic low mortgage interest rates, Refinancing Options & New HUD program

Is the New Home Affordable Refinance Program Hype or Help?

peter-wright-harp-There are approximately 11-Million homeowners that are underwater, which represents about 23% of all outstanding mortgages. So, here comes another program to help the America Homeowner! Is it hype…or will it help?

Well, the new HARP program (Home Affordable Refinance Program) was released in Continue reading “Is the New Home Affordable Refinance Program Hype or Help?