About Government Refinance and Home Purchase Programs

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

The record low mortgage interest rates we have seen in the last couple of months are persisting this summer. Ongoing troubles with the European and US economies are serving to keep yields on US treasuries low and mortgage interest rates are following suit. While there has been some recent pullback among many lenders from government-backed refinance programs like the FHA streamline program and HARP 2.0, those programs are still available to borrowers, even if it is taking a bit longer than usual to complete the refinancing.

At this point rates are so astonishingly low that most American mortgage holders should be at least investigating a refinance. In many cases borrowers can get 30 year fixed mortgages in the 3’s and still break even on closing costs in less than a year. And rates on 15 year fixed mortgages are getting as low as the low 3’s or even high 2’s in some cases. Refinancing to a significantly lower interest rate can save borrowers hundreds of dollars per month and many tens of thousands of dollars over the life of the loan in most cases.

Contact us using the form to the right to learn more about the programs available and to get an estimate on a government-backed mortgage refinance.

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