| Sep 9, 2011 1:57PM Yet again, Mortgage Rates improved today. But the improvements were fairly minor, just as they have been in general despite a healthier rally in Treasury rates. In some cases BestExecution rates may be lower, but in most cases, the improvements will be seen in the form of lower closing costs for the same rates available yesterday. The "current market" and "guidance" sections would be the same as yesterday's, so if those are important to you, read them HERE . Today we want to use that space to address... Sep 9, 2011 2:18PM The non-partisan Congressional Budget Office (CBO) just released a working paper entitled An Evaluation of Large-Scale Mortgage Refinancing Programs in which it analyzed a large-scale program that would relax current income and loan-to-value restrictions for borrowers who wish to refinance mortgages currently held by Fannie Mae, Freddie Mac, or the Federal Housing Administration. The analysis uses an estimate of the increased refinancing that would occur and how future default and prepayment behavior...
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