Posts Tagged: refinance

US: New Refi Plan is Also a Stimulus Plan

I said in my initial story on the new refi plan for Fannie and Freddie-backed homes that it’s not a housing plan, but a stimulus plan. Really important to keep that in mind. The housing market is depressed because of $700 billion in negative equity. This plan wouldn’t touch dollar 1 of that. It’ll put… Read more »

Ask An Expert: Still a Good Time to Refinance?

Have a question about the housing or mortgage markets? Louis Spagnuolo of WCS Lending in Boca Raton has answers. To submit a question that Louis may answer next week, click here. Q: With interest raising rising for the past month, has the window closed to refinance my home? — Neil A: There’s no question interest… Read more »