Refinancing Still Strong

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With interest rates still low, refinancing is still strong according to the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac.  Its February 2013 Refinance Report shows that  than 463,000 refinancings took place in February.

This was particularly good news for underwater homeowners, or those whose homes are worth less than their mortgages.  97,738 underwater homeowners refinanced using the Home Affordable Refinance Program (HARP) that the Obama administration created to help them. More than 2.3 million have refinanced using HARP since the program started in 2009.

Watch our Refinancing video and download our Free Refinancing Guide

 

 

Published by

Barbara Nevins Taylor

As the winner of 22 Emmy Awards and a slew of journalism honors and awards, I created ConsumerMojo.com to give you the straight story about complicated stuff. Tell us what you want to know and we'll get you the answers.