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The new details are out from the White House on the Homeowner Affordability and Stability Plan. Watch as Ed Conarchy covers the details and what it could mean for you and your next refinance.

Federal Reserve Report/Data on MBS Purchases

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2 Responses to The New Refinance Rules

  1. Kate Ermilio says:

    What is the new rule that is supposed to be in effect mid MAy 2009. Will it reduce closing costs for those who would like to go to a fixed rate from an adjustable rate using the same lender.

    • Ed says:

      The FNMA/FHLMC plans (that will be out in full in the beginning of May) biggest benefit is allowing people that do not pay mortgage insurance now, to refinance and not need mortgage insurance on their new refinanced loan.

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