Refi Program’s LTV Raise Would Have ‘Minimal’ Effect 

The bad news is, home prices have fallen, plunging you underwater on your mortgage and meaning you owe more on your home than it’s currently worth. The good news is, there’s a federal refinance program out there that can help you get into a mortgage rate that will lower your monthly payments to a figure you can afford. But the really bad news is, mortgage rates keep going up. And you’re too far underwater to apply, anyway. At least for now.