• Weathermore
  • Live Traffic610I-45I-10US-59Sam Houston Tollwaymore

Obama Chops Refinance Costs For Some Mortgages

Comments: 0  | Leave A Comment

via: cnn.com

NEW YORK (CNNMoney) — Borrowers with some federally insured mortgages will be able to refinance into lower interest rate loans more easily and cheaply under a plan being unveiled Tuesday by the Obama administration.

At a news conference scheduled later in the day, President Obama was set to announce that the Federal Housing Administration will cut upfront fees for refinancing loans it already insures.

Read More

Join the Conversation! Share and Discuss!

Tags: » » » » » »

Comments

Follow

Get every new post delivered to your Inbox.

Join 1,514 other followers