Possible Help For Homebuyers with Rates Ready to Reset

A recent article from Realty Times offer some stress relief to those facing rate resets:

Lower Rates Help Homebuyers with Rates Ready to Reset


This was posted BEFORE this weeks interest rate reductions by the FOMC and Bernake's comments.

A related article from Bankrate.com reviews FHA's plans to help some borrowers:

FHA saddles up to help delinquent borrowers

The article states "About 60,000 "delinquent-yet-creditworthy" mortgage borrowers will be able to refinance into FHA-insured home loans in the next year or so,...."

Let's hope it really helps.