HARP Expiring Soon.
The HARP program has been available for over seven years and has helped more than 3 million underwater homeowners refinance.
This mortgage type has been a key part of the housing recovery. It has enabled families to drop their monthly mortgage payments when traditional refinance methods don’t work.
HARP rates near 4% have helped some refinancing households save even more.
But HARP’s days are quickly ticking away.
The current expiration date for HARP 2.0 is set for December 31, 2018. There is just a little more than one year remaining for homeowners to qualify.
Source: Freddie Mac, My Mortgage Insider
