Obama to Tout Success of Refi Programs

The White House is set to announce today figures reflecting a big jump in the number of Americans participating in federal initiatives meant to aid financially strapped home owners and bolster the sluggish housing market.

Officials say the new data underscore the efficacy of programs President Obama has implemented to let more home owners refinance into historically low interest rates.

Obama will use the figures to demonstrate the need for lawmakers to take even more action to give still more Americans the same opportunity.

Source: "Obama to Tout Success of Mortgage Refinancing," Washington Post (May 11, 2012)