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OBAMA says refinance your home. How much could you save?

APRIL 9, 2009, 8:15 P.M. ET

Obama for Change (In Your Mortgage)

By JOHN D. MCKINNON WASHINGTON — WALL STREET JOURNAL ARTICLE

President Obama called for millions of Americans to refinance their homes, in his latest turn as salesman-in-chief for the administration’s economic policies. In a White House event aimed at building on recent hopeful signs in the housing market and economy, Mr. Obama urged Americans to take advantage of current low mortgage rates, so they can stay in their homes and spend more on other needs. Getty Images REFINANCE NOW! President Obama speaks about the impact of historically low interest rates on Thursday at the White House.

He estimated 7 million to 9 million people could refinance, saving $1,600 to $2,000 a year. “That is money in their pocket,” he said. “We are at a time where people can really take advantage of this, and what we want to do is to send a message that if you are having problems with your mortgage — and even if you’re not, and you just want to save some money — you can go to www.makinghomeaffordable.gov.

SEARCH ALL HOMES FOR SALE IN TAMPA BAY

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Written by Rae Catanese, Realtor

Licensed Realtor since 2002, Tampa Bay’s own Rae Catanese regularly gives expert advice and insider tips about the Tampa Bay real estate market via her blog, The Tampa Real Estate Insider. If you are thinking of buying or selling a home in the Tampa, St. Petersburg or Clearwater areas-then this blog is for you. I typically post articles once a week. To make sure you don’t miss my newest posts, you can subscribe here! Have a real estate question? Email me here!

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2 Comments

  1. refinance

    I find myself coming back here a lot to read. I’ve learned many new things here. Thanks a lot!

  2. Tony Marks

    Hi Rae! Great post! We have already approved numerous homeowners for the new Refinance Plus program. It’s turned out to be pretty amazing.

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