US May Let Millions Refinance at 4%

Help could be on the way for struggling homeowners with government-backed mortgages: The Obama administration is considering a proposal that would allow such homeowners to refinance their mortgages at today’s interest rates, which hover around a low 4%. Many homeowners can’t currently refinance because they owe more than their house’s…

Continue reading here:
US May Let Millions Refinance at 4%

Posted by on August 25, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.