Stacie Hartman

The Mortgage Blog of Stacie Hartman

Fed Extends Refinance Program

The Federal Housing Finance Agency has extended the deadline on the Home Affordable Refinance Program. The program, administered by Fannie Mae and Freddie Mac, was set to expire on June 10 of this year and has now been extended through June 30, 2011. The effort is aimed to help homeowners who owe up to 25 percent more than their home’s value refinance to lower interest rates. About 190,180 mortgages have been refinanced since it was launched, far fewer than the 4 to 5 million originally projected. More here and here.

Advertisements

Filed under: Uncategorized, , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: