Remove Barriers to Low Interest Rates
Expanding refinances in New Jersey could save $1.67 billion for 402,431 families
Congress has a rare bipartisan opportunity to put more money in Americans’ pockets, strengthen the housing market and boost the entire economy. By making it easier to refinance into today’s low interest rates, Congress could expand the Home Affordable Refinance Program (HARP) so it helps up to 13 million Americans nationwide save $35 billion.* In our state alone, more than 402,000 families would qualify, saving them about $1.67 billion in lower mortgage payments.
NJPIRG Law & Policy Center