There is more good news for Massachusetts home owners who have yet to take advantage of the historically low interest rate environment. Today the Federal Housing Finance Agency, or FHFA for short, published an assessment of their Home Affordable Refinance Program known as HARP. The assessment results showed Read more…
Posts Tagged: Refinance
Is the Refinance Boom Over?
Is the refinance boom over? The answer to this question would depend on your specific need. For the past several years the refinance boom has been fueled by a Federal Reserve buffet of bond buying programs and a historically low mortgage rate environment. But, as the US economy continues to gain traction, the Federal Reserve will begin to implement their exit strategy and taper off their tens of billions of dollars a month of asset purchases. With the 800 lb bond gorilla no longer in the room mortgage rates will Read more…
HARP Program Extended for 2 More Years
Great news for Massachusetts home owners who have yet to refinance and take advantage of the current low interest rate environment. On April 11th the Federal Housing Finance Agency (FHFA), instructed Fannie Mae and Freddie Mac to Read more…
How To Refinance Your Underwater Home
A mortgage refinance is the process by which your current mortgage is paid off by a new loan. The federal government has expanded the underwriting guidelines of several mortgage programs to help upside down home owner’s take advantage of the recent historically low interest rate environment.
Step 1: Am I eligible?: Read more…