More than a week after President Obama announced in a speech before congress that he wanted to make it easier for American home owners to take advantage of the record low interest rates we are seeing on mortgages now there have yet to be any concrete policy changes. Rumors are that the changes will be to the Home Affordable Refinance Program (HARP) with the goal of making it easier for many more home owners to qualify for that program. We’ll keep you post on news as it breaks.
In the meantime, contact us in the sidebar to learn more about the government-backed refinance programs you might already qualify for.