May 27th, 2009 9:52 AM by Eric Fang
The Obama HARP Refi just started. We just got the loan approvalsand the rate went up. That's not correct. So right now, only those with good credit score, CLTV have refinanced with good rates.
How about those people with LTV over 80%? Don't worry, Fed will comeup and save. Fed will complete another 700B-800B(illion) of MBSpurchase end rest of this year.
So stay tuned when the rate goes down again after this week'sBond auctions.