Freddie Mac
A New HARP 3.0 Refinance Program Bill Introduced The new HARP 3.0-like bill introduced in Congress will look to reach even more U.S. homeowners than the original HARP and HARP 2.0 programs. In roughly three years, the original HARP reached one million U.S. households, while it only took HARP 2.0 eight months to reach the [...]
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Is This A Sign That HARP 3.0 May Be Coming? The Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to extend the HARP Refinance Program by two years to December 31, 2015. The original expiration date was set for December 31, 2013. We are expecting a breakthrough that would introduce a potential HARP [...]
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Are Mortgage Rates Rising Because the Job Market is Improving? A lot of people don’t realize just how closely linked the U.S.economy and the housing market actually are. When the housing market took a huge dive in 2008-2009, the unemployment rate in the U.S. was rising. Since then, the job market has improved and the [...]
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Refinancing is Easier Now that Values are Rising, Not to Mention Low Rates Homeowners are refinancing their loans at the fastest pace in quite some time due to the fact that home values are increasing and rates are still unbelievably low. However, low interest rates could be headed north over the next couple months. Refinance [...]
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Take Advantage of the HARP 2.0 Refinance Program Before it Ends Time is running out for those of you who are curious how much longer you have to take advantage of the HARP 2.0 Refinance program. The deadline to refinance with HARP 2.0 is 12/31/13. This could be your last chance to reduce your rate [...]
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HARP 3.0 Changes Could Allow More Michigan Homeowners To Benefit From Lower Mortgage Rates It is time for the government to provide a better refinancing product and ramp up their marketing efforts to get more families the needed budget relief. HARP 2.0 Refinance Program Yields Poor Results Believe it or not, despite all the hype [...]
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What is in the Future for Mortgage Rates? Each month Fannie Mae & Freddie Mac will update their forecast for what they believe the future will look like for interest rates, the housing sector and some key economic indicators. These “outlooks” are a helpful tool for people who are deciding on when to buy or [...]
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Does My Current Mortgage Lender Participate In HARP 2.0? There are many folks who have a mortgage loan provider that does not participate in the HARP 2.0 refinance program. This has made life tough for many people who are deeply underwater on their mortgage and have not been able to take advantage of the historic [...]
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Does Fannie Mae and Freddie Mac Have Different HARP 2.0 Programs? The HASP (Homeowner Affordability and Stability Plan) program rolled out in 2009 in an attempt to stabilize the U.S. economy. The Plan has three parts: refinancing options for stable homeowners, financial aid for seriously delinquent homeowners and support for Fannie Mae and Freddie Mac. [...]
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HARP 2.0 Refinance Program is Making Mortgage Payments More Affordable HARP was originally started in April of 2009 to assist people who were underwater on their mortgages, and wanted to lower their interest rate on their first mortgage. There were many changes to the original program that took effect in March, 2012. The program is [...]
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