d=f0c7a630db&e=ebe71b748c> Obama Pledges to Refinance Millions of Mortgages
at Today's Rates
Housing got only a brief mention in President Obama's highly anticipated
jobs speech Thursday night, but it was a pledge that some pundits say is a
step in the right direction. Others say it's likely to have little impact.
Obama told Congress his administration will work to refinance millions of
homeowners' mortgages at today's record-low rates. It's expected the program
will give borrowers who are underwater or have bad marks on their credit the
opportunity to take out lower-rate, lower-payment loans.
d=7c9cc87beb&e=ebe71b748c> > Read More
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