Mortgage Blog

Let's play some politics

May 27th, 2009 9:52 AM by Eric Fang

The Obama HARP Refi just started. We just got the loan approvals
and 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 come
up and save. Fed will complete another 700B-800B(illion) of MBS
purchase end rest of this year.

So stay tuned when the rate goes down again after this week's
Bond auctions.

Posted in:General
Posted by Eric Fang on May 27th, 2009 9:52 AM

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