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HARP Refinance Program Extended 2 Years

Mortgage News > HARP Refinance Program Extended 2 Years
Date: 05/01/2013    HARP Refinance Program Extended 2 Years

President Obama’s Home Affordable Refinance Program (HARP) was set to expire at the end of this year however the program’s regulators made public yesterday that HARP would be extended through 2015.

Harp was formed in an effort to aid underwater homeowners refinance their mortgage into lower interest rates, thus making their loan more manageable.

Since HARP was formed, the program has assisted more than 2.2 million homeowners whose loans are guaranteed by Fannie Mae and Freddie Mac.
 

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