Posts Tagged ‘refinances’

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Home Affordable Refinance Program

It was great to see that Obama Administration recently introduced the Home Affordable Refinance Program. It is being anticipated that with the introduction of the new program approximately 4 million to 5 million homeowners will be able to avail the refinancing program.

When do you qualify for the Home Affordable Refinance Program?

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30
Jan

Mortgage Rates January 30, 2009

   Posted by: Cal    in Gulf Coast Mortgages

The bond market had a rough day yesterday and yet it has had little affect on today’s mortgage rates.  This is likely due to previous rate increases to try and slow down the overwhelming rush to refinances that has underwriting backed up for weeks.

Something interesting is happening with the FED’s buy back program for mortgage backed securities.  As mortgage bonds are traded, they come at certain "coupon" rates and are sold in .5% intervals.  For instance, right now we are watching the 4% Fannie Mae

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