via: cnn.com NEW YORK (CNNMoney) — Borrowers with some federally insured mortgages will be able to refinance into lower interest rate loans more easily and cheaply under a plan being unveiled Tuesday by the Obama administration. At a news conference scheduled later in the day, President Obama was set to announce that the Federal Housing […]
President Obama will announce changes in the government's Home Affordable Refinance Program (HARP) on Monday, making it easier for homeowners to capitalize on current low-interest rates by refinancing their old, high-interest mortgages.
The Obama Administration may propose a plan to allow allow millions of homeowners with government-backed mortgages to refinance them at about 4 percent.
