Can bank adjust your interest rate on a home loan minus truly going thru the full refinance process?

In terms of today's economy and given adjectives the programs to help people hold on to their homes, I heard from someone that some banks are lately modifying loans with high interest rates, by lowering them to 4 or 5%. Is this true? Is within a program like this avaliable?
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In some come to a point circumstances, yes - under loan modification programs. But they are not likely to unless you come across the criteria for those programs. Just wanting a lower rate is not enough.
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I think they modify it if you call them temporarily though but no they won't newly modify it to help you benefit from the lower rates.
"> I don't think so


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