HARP Mortgage Refinance

by Architect from USA

Hi Kate, Regarding the HARP mortgage refinance (Home Affordable Refinance Program) how do the mortgage interest rates differ from conventional loan rates? Thank you, Architect from USA


Kate Answers: HARP Mortgage Refinance

Update: October 24, 2011: Sweeping Changes to Home Affordable Refinance Program (HARP)
***zz-portrait-left.shtml*** Dear Architect from USA, Although the Making Home Affordable Program is part of the current Administration's strategy to stimulate the lagging real estate market and thus the economy, rates for the HARP mortgage refinance are set by individual lenders and can vary.

Who is the HARP mortgage refinance intended to serve? Many homeowners who make their monthly house payments on time are still not able to refinance to take advantage of sizzling hot mortgage rates usually due to a decrease in their local real estate market.

Please note that the homeowner's current mortgage must be a Fannie Mae or Freddie Mac loan to be eligible for a HARP mortgage refinance. So if you are interested in borrowing up to 125 percent of the value of your home, get in touch with your lender to check out your qualifications.

Don't have a lender? Six Steps to Comparing Mortgage Lenders will point you in the right direction.

I am also forming a lender directory for my Readers' convenience. If you have a favorite lender that you don't see here, pass the word onto them please. The mortgage lender directory is totally free to both lenders and Visitors to my website.

Here is an introduction to the directory, List of Mortgage Companies and the free sign up for lenders.

Even more! Please visit me at Home Affordable Refinance Program, a question and answer page about HARP and related subjects. Near the bottom of this page, I've added more information to help with refinancing. These pages are filled with secrets of the pros. Enjoy!

Best Wishes,


PS If you still have questions regarding HARP Mortgage Refinance, write me at Ask Kate where every question is a good question.

***zzz-link-refinance.shtml*** Home to Get Your Best Mortgage Rate from HARP Mortgage Refinance

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Comments for HARP Mortgage Rates by Anonymous

How about answering the question? What is the difference between HARP rates and regular refinance rates and why is it almost impossible to find the listed HARP rates?

Kate here. Here is a quote from the above article:

"...rates for the HARP mortgage refinance are set by individual lenders and can vary."

Or another way of saying it - Home Affordable Refinance Program (HARP) interest rates are not set by the government but are market driven. You may contact your mortgage lender and shop for comparisons.

Expect for HARP rates to be at least somewhat higher due to loan-to-value which influences mortgage rates in many programs.

Best wishes for your HARP refi and thanks for taking the time to comment, Kate

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You can also ask Kate about your mortgage at Refinancing Advice The Nuts and Bolts.

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