| Sep 7, 2012 1:59PM The Home Affordable Refinance Program ( HARP ) hit what its sponsoring agency considered a milestone in July, with a total of 519,000 loans refinanced through the program since the beginning of the year. The Federal Housing Finance Agency (FHFA) released its July Refinance Report on Friday and said that the continued high level of HARP loans was due to a combination of record-low interest rates and the enhancements announced to HARP last year. Freddie Mac and Fannie Mae refinanced a total of 356... Sep 7, 2012 1:41PM Mortgage rates moved strongly lower today regaining the territory lost after yesterday's disconcerting move higher. On average, this leaves rates at or near their best levels of the week, which for many lenders, are also the best levels since early August. We speak about "rates" themselves moving higher or lower when in fact, it is merely the costs associated with rates . The actual interest rate quoted for a particular scenario is likely to have been the same all week long whereas the costs have...
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