About Government Refinance and Home Purchase Programs

Information and Updates on Government Mortgage Programs
Filed under Government Mortgage Financing Programs News

There was a good article in the San Jose Mercury News about the timing of the FHA Reform aspects of the soon-to-be-signed economic stimulus bill. Here is an excerpt:

[I]t could be weeks before consumers will be able to benefit from the mortgage provisions contained in the legislation approved this week.

The bill approved Thursday, which President Bush is expected to sign next week, includes measures that could result in lower mortgage rates for many Bay Area homeowners who are eligible to refinance. And those purchasing homes in this expensive area potentially will qualify for lower rates than they would have received in recent years.

But the logistics of enacting the bill’s changes, and the extent of the savings borrowers can expect, are unknown.

Contact one of our counselors to get the latest info on FHA guidelines.

Comments (0) Posted by G.R.A. Admin on Saturday, February 9th, 2008

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