"Millions of other households could benefit from historically low interest rates if they refinance"

-Quoted from President Barak Obama

We all know that the economy has been tough on the housing market.  That is why the government has introduced new refinance opportunities for homeowners who have lost equity in their homes.  These new refinance plans will allow these homeowners to take advantage of the historically low interest rates that have been made available today.

President Obama urges American Families to Refinance

"I also want to point out that millions of other households could benefit from historically low interest rates if they refinance, though many don't know that this opportunity is available to them - an opportunity that could save families hundreds of dollars each month. And the efforts we are taking to stabilize mortgage markets will help these borrowers to secure more affordable terms, too."