With interest rates at historic lows, many people are refinancing, if they qualify. The federal government is offering the Home Affordable Refinance Program, known as HARP. It's a program designed to help keep people in their homes. But it's only for those people who have Fannie Mae or Freedie Mac loans. Lance Vansooy with Bank of the Cascades says currently the program will refinance those homes that are underwater, by a small amount. But the government is looking at expanding the program. “Be aware that even if you've been told you don't qualify for the program, you’re too far underwater, that will change. Stay in touch and we'll see if we can accommodate your need for a lower interest rate and lower payment.” The program is expected to loosen up the restrictions after March of 2012. Currently interest rates are at historic lows: around 4%.