Federal officials are working with banks to create a mortgage refinancing plan to broaden the availability of lower rates to struggling home owners. The program would be directed towards home owners that are current on mortgage payments, but are not able to refinance because they lack equity in their homes. The plan would be available to home owners with mortgages from Ally Financial, Bank of America, Citigroup, J.P. Morgan Chase, and Wells Fargo.

30 Year Fixed 3.750% (3.902% APR), 15 Year Fixed 3.000% (3.271% APR), 30 Year Jumbo 3.750% (3.896% APR), 30-Year Fixed FHA 3.750% (4.638% APR), 30 Year Fixed VA 3.750%, (3.828% APR).