Any underwater borrower, no matter how much negative equity they have, will be able to apply for a HARP refinance.
However, the number of applications for refinancing declined. What will the future bring?
The conditions are now right for homebuyers looking long term.
The drop from 2000 to 2010 was the largest since the Great Depression. The gap between whites and blacks widened, wiping out 40 years of progress in housing equality.
Thirty-year rates drop to a record low of 3.94%. But will consumers be able to take advantage?
If you're thinking about buying a home, these 3 steps can improve your chances for getting a low interest rate.
Mortgage rates are the lowest since the government began keeping track in 1971 and could go lower still.
Alas, few homeowners qualify for refinancing, and big government refinance initiatives face big obstacles.
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