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Released: August 25, 2011
U.S. may back mortgage refinance plan
Source: Shaila Dewan & Louise Story, N.Y.Times (Free Registration)
The Obama administration is considering further actions to strengthen the housing market, but the bar is high: plans must help a broad swath of homeowners, stimulate the economy and cost next to nothing. One proposal would allow millions of homeowners with government-backed mortgages to refinance them at today’s lower interest rates, about 4 percent, according to two people briefed on the administration’s discussions who asked not to be identified because they were not allowed to talk about the information.Read Full Article: U.S. may back mortgage refinance plan
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