ESTATE


Obama Says 9 Million Americans Can Reduce Mortgage Payments
2009/04/09, 2:47 pm
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WASHINGTON — President Barack Obama said Thursday that up to 9 million Americans can reduce their mortgage payments by refinancing using government programs. Speaking at the beginning of a White House roundtable about housing finance, Obama said mortgage rates are at historic lows and a typical homeowner can now save about $2,000 a year by refinancing. “The programs that have been put in place can help responsible folks,” Obama said.

 

Copyright © 2009 MarketWatch, Inc.

http://www.foxbusiness.com/story/markets/industries/real-estate/obama-says–million-americans-reduce-mortgage-payments/

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