MONEY MANAGEMENT, RURAL MONEY RESOURCES

HARP Refinance Program Extended Through 2018

HARP Refinance Program

HARP¬†Previously Set To End In September Continues The government‚Äôs Home Affordable Refinance Program (HARP) was set to end in September, but it has been extended, so if you snooze this time, you lose. The¬†Federal Housing Finance Agency¬†announced recently that it is extending HARP through Dec. 31, 2018. Adding an additional 15 months onto the program‚Äôs already extended lifespan.   HARP Refinance Program Timeline In June 2014,¬†then-Department of the Treasury¬†Secretary Jacob Lew¬†announced¬†a series of initiatives designed to spur the flailing housing market. These initiatives include the extension of the Home Affordable Modification Program until Dec. 31, 2016. Later, in May 2015, the FHFA¬†announced¬†that it was extending the deadline for HARP to the end of 2016. In addition, it will match the deadline of the HAMP. But, just about one year ago, the¬†FHFA again announced¬†that it was delaying the end of HARP, this time until Sept. 30, 2017. At the time, the…

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