How Obama's Call For Refinancing Mortgages Will Boost The Economy

Posted on Mar 6, 2013 in HARP Refinance

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How Obama's Call For Refinancing Mortgages Will Boost The Economy
President Obama last night called on Congress to make it easier for families to refinance their mortgages. Noting that many eligible families are having a hard time refinancing, sickness Obama urged Congress to pass a bill as soon as it can that would ease the …
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WILL OBAMA'S REFINANCING IDEA HELP BORROWERS?
YES: Homeowners refinancing mortgages at lower interest rates benefits not only borrowers, but also taxpayers and the overall economy. For millions of U.S. borrowers, increased competition and the streamlining of lending reduce monthly payments.
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Many of Obama's New Economic Ideas Won't Pass
Refinancing aid for homeowners: Obama renewed his push for federal guarantees that would allow more homeowners to refinance their mortgages and lower their monthly payments. Odds it will happen: Modest. Now that home prices have stopped falling in …
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