In this new HARP Update video, Ethan Ewing, President of Bills.com, discusses discusses recent updates to President Obama’s HARP program and how to qualify for the program. These new updates offer many benefits to home owners looking to refinance, including loan to value and debt-to-income information. For more information please visit us at www.bills.com
Video Rating: 5 / 5
Question by anuitutu: What is the most current interest rate to refinance my house in California?
I have a mortgage rate of 6.85%. should I refinance now or will interest rates go down more after the president signs the new bill to help mortgage companies?
Best answer:
Answer by Brian A
To give you a definitive answer would require more information about what type of loan you have now (fixed or adjustable), how much your home is worth, how much you still owe, etc. Suffice it to say, if that 6.85% is for a fixed, 30 year, it will probably not be worth refinancing now or in the near future.
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