The federal housing agencies Fannie Mae and Freddie Mac will refinance loans they hold or guarantee, even if borrowers owe more than their house is worth up to 105% of the value .
These families are unable to sell their homes, and unable to refinance them.
People ages 45 to 59 are the most likely to refinance, according to Demos, a nonprofit public-policy organization in New York City.
Low Rate Home Mortgage Refinance Opportunities Slipping According to Rate State's Latest News Release Homeowners may be missing out on the mortgage/refinance of the decade with current market conditions. Leading mortgage refinance company, Rate State, suggests consumers get a loan before rates begin to spike. (PRWeb June 11, 2013) Read the full story at http://www.prweb.com/releases/mortgage-refinance-home/online-quotes/prweb10820318.htm
June 11, 2013 - PRWeb