| The Obama administration considers using rock-bottom mortgage rates to help homeowners reduce monthly payments. Too bad it's unlikely to succeed.
Can the government refinance us out of the housing disaster? That's the plan being considered, according to The New York Times. In an article today, the Times says administration officials are tossing around the idea of a "blanket refinance" homeowner rescue plan. It would capitalize on current hyper-low interest rates to help struggling homeowners get payments they can afford..............................................Full Article: Source
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