| During his speech before Congress Thursday night, President Obama briefly referenced an initiative to help rescue the troubled housing market.
"To help responsible homeowners we're going to work with Federal housing agencies to help more people refinance their mortgages at interest rates that are now near 4% - a step that can put more than $2,000 a year in a family's pocket, and give a lift to an economy still burdened by the drop in housing prices," he said..............................................Full Article: Source |