look back at the all low on n. record it was 3.31%. we are doing very very good. you know what this means, with low rates if you refinance, can you put that money to work somewhere else. can you save it and spend it it s better for consumers, better for the academy. gerri willis, thank you. you re most welcome. shepard: a fox weather alert now and stormy winter warnings in effect now for much of the western united states. first alert forecasters warning folks in the northern plains and parts of the southwest to brace for possible blizzard conditions. they say temperatures will start dropping tonight and more than a foot of snow could fall in some areas. meantime, down south, a tornado tore through a small town in louisiana this morning. it damaged some homes but so far no word of anybody hurt. just a couple hours ago louisiana governor bobby jindal declared a state of emergency because of severe flooding across his state. our chief meteorologist rick reichmuth in the extreme weat
statement and break down before they consider. if you are paying almost all principal and very little interest, you will reverse the situation, if you refinance. what about folks hit hard that have lost a job, they have questionable credit. but they deserve a break, too. are there programs that can help them? well, harp 2.0 is great if the your loan is with fannie and freddie. but if you are in default a lot of people intentionally defaulted to get modifications. you have to be current on your mortgage for six months and you could not have had more than one missed or late payment in 12 months. but that extends to 2013. so if you want that program, you can get caught up with your payments and qualify. you have until 2013. and some of the harder-hit states, there is a fund, millions of dollars and very little used. it s in 19 states called the