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White House details mortgage refinancing plan for homeowners

The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments.

Mortgage Relief Plan Aims at Refinancing

President Obama said a new package of legislation would make it easier for millions of homeowners to refinance at today’s historically low interest rates.

Mortgage Plan Aims at Refinancing

President Obama said the new package of legislation would make it easier for millions of homeowners to refinance at today’s historically low interest rates.

Obama broadens mortgage refinancing

FALLS CHURCH, Va. — President Barack Obama called on Congress Wednesday to make it easier for millions of additional homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth. He conceded that his administration's housing plans so far have not lived up to their promise.

Mortgage Q&A: Running the numbers on refinancing

Q. I'd like your sage advice on whether you think I should consider refinancing. My current loan balance is $250,000 with a fixed interest rate of 5.50 percent on a 20-year term. Our monthly principal-and-interest payment is $2,710. Our property is worth at least $600,000. I have been making an ...