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U.S. mortgage refi program gains traction as home prices rise

Posted on 14 March 2013

A U.S. government effort to help struggling homeowners refinance into cheaper loans gained traction last year, helped by rising home prices and changes to the program that made more borrowers eligible for relief, a report released on Wednesday showed.
Nearly 1.1. million refinances were completed under the Home Affordable Refinance Program, or HARP, in 2012, more than double the year-earlier number, the report from the Federal Housing Finance Agency said………………………………….Full Article: Source


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