Is the Obama administration failing the housing market? Maybe.
To refinance or not to refinance, for many homeowners these days, that’s the question. The interest on a 30-year fixed rate mortgage is now averaging 3.87 percent. So does it make sense to refinance? Or if you already have refinanced does it make sense to do it again?
A landmark $25 billion settlement with the nation’s top mortgage lenders was hailed by government officials Thursday as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit.
In addition to Standard and Poor’s cutting the AAA rating of the United States this week, it also cut the rating of government-backed mortgage brokers Fannie Mae and Freddie Mac.
- Tractor Trailer Carrying... Operation Brotherly Love: ... Namaste: Yoga Poses For... WANTED
- Too Quick To Tweet Israel 65- Kidcast Photos Rittenhouse Row Spring... Stotesbury Cup Regatta-...
- WIP Morning Show Intern... Baseball Shots Of The Week –... 138th Preakness Stakes Italian Market Festival
- Celebrity Photobombs GHI @Home - Copper Roofing Students Protest Budget Cuts... Barn, House Engulfed In Blaze...