President Barack Obamas has recently announced of his potential housing stimulus plan which is great news for homeowners looking to refinance or for first time home buyers. The plan would call for every new homeowner to have access to a 4.5% mortgage rate and further measures include that same 4.5% interest rate being available to homeowners looking to refinance. With the record number of foreclosures looming on the horizon this would be a great help to existing homeowners who find their finances stretched to the limit, and allow them the chance to refinance and have smaller mortgage payments every month. Obamas stimulus plan will make it easier for homeowners to refinance into that great low rate regardless of their financial situation. This will spur savings and help new home sales. It could also raise home values as homes would start selling again at a good pace. Refinancing with President Obamas plan could help millions of homeowners save billions of dollars that can be used to spur the economy. Start researching refinancing or purchasing a home now and beat the rush

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