The Mortgage Market updates

mortgage market updates in new york

It’s been a while but I’m back on the Blog.

Mortgages rates have been so low over the last year I’ve barely had time to breathe. Here are some quick market updates.
The government has expanded the Home Affordable Refinance Program, now known as HARP 2.0.

If you have a mortgage owned by Fannie Mae or Freddie Mac and took your loan out before May of 2009, you should be trying to refinance. These loans can be done with little hassle and often without an appraisal. Call me for more details.

Fixed rates well under 4% for well qualified borrowers.

I have an upcoming series of articles that will be discussing in depth the various points on this program. Stay tuned!

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