Jan. 27, 2012
If Congress approves a plan President Obama outlined in his State of the Union Address, many troubled Texas homeowners will save thousands of dollars annually. The idea to allow responsible homeowners to refinance their mortgages at historically low rates would save each about $3,000 a year, according to the president. This proposal supports what many REALTORS®, economists, and the Federal Reserve Bank have pointed out: A solid housing market is one of the underpinnings of economic recovery.
