Posts Tagged 'underwater'

What We Are Hearing . . .

We are hearing from sources that the Obama Administration has gathered with industry experts and is considering options to help stabilize the housing market and stimulate the economy. The Administration appears to be realizing that major refinancing programs and other incentives are needed to keep homeowners who have either no or negative equity (underwater) in their homes. At this point, some of this information is purely speculative. Some of these ...

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Another opportunity? Rates Decline again

This past week, interest rates declined dramatically to their lowest level since December 2010 as fears that the European debt crisis could get worse with the increased threat of default by Greece and Spain. Investors fled to safety and purchased US Treasury bonds which drove yields lower that ultimately caused mortgage rates to drop.

For those of you who may have missed the opportunity to refinance and/or purchase a home last year, ...

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