Of course they will Hopey. That's what banks do, anything to keep those interest payments coming. That's FED money Hopey, it appears out of thin air. Get it? Did Obummer arrange refinancing for the banks? shocked YES we can.. grin

Sucker... grin

Originally Posted by hobie1616
Here's another one Todd.

An Obama administration official says President Barack Obama will announce new rules Monday to help homeowners with little or no equity in their homes refinance their mortgages to avoid foreclosures.

The new program will apply to homeowners with federally guaranteed mortgages who are current on their payments. It cuts the cost of refinancing and removes caps for deeply underwater borrowers.

"House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals." – Ben Bernanke – 2005