New idea by the Fed to allow everyone to refinance regardless of how underwater they are on their home. This was first suggested in 2008 but quickly put on the back burner as mortgage note holders complained it would affect their return on investment. With the housing market not showing much improvement this idea is back on the table to help stabilize property values and reduce foreclosures.
Ever wonder how some people can consistently and accurately predict what rates will do? There are only a few of them and they all use this type of technology. You'll find this information here in this short video of The Epic Perspective.
How to Shop Mortgage Rates
View this in 1080 HD by clicking next to "CC" at bottom
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This is and was an excellent idea. Doing nothing isn't working. Arguing doesn't do much either. Also, wounding people so that they cannot participate for years in the purchase process makes no sense. Good post Nevin
Hey Nevin-would that be like a miracle!
Richie - Thank you!
Marco - It would!