The White House is reportedly mulling an idea to let homeowners with government-backed mortgages...

|By:, SA News Editor

The White House is reportedly mulling an idea to let homeowners with government-backed mortgages refinance them at today’s lower rates of about 4%. The move could boost the economy by saving borrowers an estimated $85B a year, but may face oppostition from regulators and investors in bonds tied to the loans.