Arizona Underwater Homeowners To Get Financial Help

More Arizona homeowners may soon be able to refinance to current low mortgage-interest rates, no matter how far underwater they are in their homes.

The Obama administration on Monday announced long-awaited details of an expansion of a program that helps homeowners refinance to reduce their payments. Mortgage rates have fallen to record lows, and many homeowners would save hundreds of dollars a month if they could reduce the amount of interest they pay. But the housing crash has created… Read More