Few quick things…
1) The results of my Text vs HTML email posts is in. …HTML was actually better, so I’ll keep sending my posts HTML.
2) Two big economic numbers due out in the next two days. Existing Home Sales is due at 10am this morning – expected to come out lower. Unemployment Rate is due out tomorrow morning.
Both of these reports could move the mortgage rate market. Ironically bad news for these reports actually would keep mortgage rates low.
3) How you can refinance your conventional loan if you are upside down in your home right now… Use the HARP program.
Here are the basic requirements for the HARP 2 program:
A) The refinanced mortgage must be owned or guaranteed by Fannie Mae or Freddie Mac.
B) The refinanced mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
C) HARP households must also be current on the mortgage to be refinanced, and must have a strong payment history.
D) The refinanced mortgage cannot have been refinanced under HARP previously unless it is a Fannie Mae loan refinanced via HARP between March-May, 2009.
If your house is currently upside down on a conventional loan, and you want to refinance – please give me a call or shoot me an email. I want to help you!
That’s it for today!
Thanks for reading!
Brett