Interest Rate Freeze to Help Subprime Home Owners? « RJ Baxter- Colorado Mortgage Broker- Colorado Mortgage Rates- Colorado Refinance

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November, 2007
Interest Rate Freeze to Help Subprime Home Owners?

The US Treasury Department is close to announcing a plan that it is working on with mortgage companies to freeze mortgate rates for home owners who are in trouble with adjustable-rate mortgages. Specifically, this plan will help the millions of subprime borrowers who took out adjustable-rate loans at low 2 year fixed rates which have adjusted or are set to adjust to higher payments.

Once I hear more on this topic, I will be sure to post an update.

Access the full article from USA Today

posted by rjbaxter November 30, 2007 9:20 | permalink | comments (0) | Mortgage Concepts

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