Noticed by Diana Olick of CNBC.ocm, the bounce in 30 year mortgage rates from around 4% to 5.5% eliminates any reason for numerous nomeowners to re-finance, because they already have 5.5% or lower rates.
As noted, this rate increase virtually eliminates the Obama mortgage re-finance plan as a choice.
(Click here if you want to order a FREE copy of my book, The Consumer’s Guide to Defending Foreclosure.)
Related posts:
- Do You Qualify For Obama Housing Plan? See if you qualify for the Obama mortgage modification program....
- Obama Plan for Second Mortgage Modification Skeptic that I am, I do not think it will...
- Foreclosure Rates, Going Up^ Foreclosure rates continue to escalate, my prediction? ...
- Obama Pushing Mortgage Servicers For Real Mortgage Modifications Readers of this site, and other...
- Government Backed Mortgage Modification Eligibility Rules Change As originally announced, the Obama mortgage modification plan was limited...
Related posts brought to you by Yet Another Related Posts Plugin.
