About Government Refinance and Home Purchase Programs

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

Paul Jackson over at Housing Wire put up an interesting article on the state of refinancing in the US. The upshot is that a lot more people are applying for refinances than the number of people who are actually obtaining refinance loans.

With rates quite low these days a lot of people are seeking to refinance. But with housing values dropping quickly, credit score requirements increasing, debt to income ratio requirements tightening, and job losses mounting recent numbers shat that fewer than 50% of refinance applications are funding.

In many cases government-backed loans give borrowers the best chance of getting approved for a loan. Contact us in the sidebar if you are interested in refinancing while rates remain low.

Comments (0) Posted by G.R.A. Admin on Wednesday, January 21st, 2009

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