About Government Refinance and Home Purchase Programs

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

For most of last couple of weeks interest rates on government-backed mortgages were testing all time lows. Then this week there was a slew of better than expected economic news: Unemployment dipped, the economy grew, job numbers increased, and congress agreed to extend the payroll tax. While it all sounds like good news, the reality is that good economic news normally results in interest rates increasing to some degree. We have already seen a small bump up in rates over the last couple of days. It remains to be seen if rates will rise further or if new lows will be tested in the weeks to come.

What we do know is that rates are still historically low right now so if you have considered looking into a refinance contact us in the sidebar right away to learn more about the government-backed refinance programs that are available.

Comments (0) Posted by G.R.A. Admin on Saturday, February 18th, 2012


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