reach a decision/agreement/conclusion, etc. refinancing

Costs and Tighter Rules Thwart Refinancings
By TARA SIEGEL BERNARD
Interest rates are falling, but many potential borrowers may not qualify for the best rates.


TOP STORY

Housing Package Deal Reached

Bill Includes Relief
For Fannie, Freddie;
Tense Negotiations

By MICHAEL R. CRITTENDEN and DAMIAN PALETTA

WASHINGTON -- House and Senate leaders have largely hammered out a compromise deal on a mammoth housing package that would permit the government to bolster Fannie Mae and Freddie Mac in an emergency, overhaul supervision of the housing-finance giants and allow the government to insure up to $300 billion in refinanced mortgages.

Definition

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reach (ARRIVE) Show phonetics
verb [T]
1 to arrive at a place, especially after spending a long time or a lot of effort travelling:
We won't reach Miami till five or six o'clock.
They finally reached the coast after five weeks sailing.
News of his accident had only just reached us.

2 reach a decision/agreement/conclusion, etc. to make a decision/agreement, etc. about something:
She reached the conclusion that there was no more she could do.
We'll inform you when a decision has been reached.
The jury took four days to reach a verdict.


refinance
intr. & tr.v., -nanced, -nanc·ing, -nanc·es.

To provide new financing or new financing for, as by discharging a mortgage with the proceeds from a new mortgage obtained at a lower interest rate.

refinance re·fi'nance' n.
refinancer re'fi·nan'cer or re'fin·an·cier' (-fĭn-ən-sîr', -fə-năn'-) n.