Details are scarce, but another government plan to help underwater homeowners should be announced in the next few weeks, Treasury Secretary Tim Geithner said at a Senate Banking Committee hearing today.
According to Geithner, the Federal Housing Finance Agency is examining a set of programs that would make it much easier for people to refinance at today's record-low rates, including people who owe more than their homes are worth.
Advertisement
Related Stories
Single-Family Homes
What Does It Cost to Build a Single-Family Home?
A closer look at the itemized costs in each stage of construction for a single-family home
Builders
A Look at the Boom in Home Builder Stocks During 2023
In 2023, stocks for the 10 biggest U.S. home builders outperformed the S&P 500. What does that say about the housing market?
Financials
Housing Demand Could Rebound in 2024 as Mortgage Rates Ease
The Mortgage Bankers Association predicts lower mortgage rates could bring homebuyers back into the market in 2024