Obama States Credit having Refinancing Surge; Experts Doubt Policies' Role, Effect RENO, Nev. - After two days along with his exact same-sex a today found in order to change appeal back to the brand new savings, visiting a district hit tough of the homes drama, so you're able to allege triumph at the helping battling home owners and you may ask Congress to-do a whole lot more. Standing on driveway from a house whoever residents got has just refinanced its under water mortgage, Obama credited laws change to own government-recognized fund which he imposed six months before which have enabling even more People in america to profit away from over the years low interest rates "While the We have made it announcement, refinancing programs have gone upwards by 50 percent across the country and you will 230 % here in Las vegas, nevada by yourself. That is the great," Obama said. "Men and women are taking advantage of this. That's what we wish to see." The guy often referred to as towards the Congress so you're able to enact laws who does enable it to be more residents, not only people who have regulators-backed financing, in order to re-finance. "I'm contacting Congress giving the responsible resident a chance to keep normally $step 3,000 a-year by the refinancing their home loan," Obama told you. "It's a simple suggestion, it creates great sense, and that i understand it can get an effect." 11299