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Here s how mortgage refinancing can save you an extra $5K with no adverse market fee
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Here s how mortgage refinancing can save you an extra $5K with no adverse market fee
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Mortgage refinance rates plummet amid fee ending: How to lock in your rate now
By Erika Giovanetti article
Mortgage interest rates fell to all-time lows across all refinancing products after the FHFA announced it would eliminate a 0.5 percent lender fee earlier than expected. (iStock)
Mortgage refinance rates fell to record lows this week following the
The Federal Housing Finance Agency (FHFA) implemented this 0.5% lender fee on Fannie Mae and Freddie Mac home loans in December 2020 as a way to prevent losses caused by the COVID-19 pandemic, including mortgage forbearance. But the agency announced on Monday that it decided to
eliminate this fee earlier than planned as a way to help homeowners take advantage of historically low mortgage rates.
Mortgage Rates Drop as Fannie Mae and Freddie Mac Loans End Adverse Market Refinance Fee
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Mortgage refinancing is cheaper than ever today with sub-3% rates, no adverse market fee
By Erika Giovanetti article
Homeowners can save more than ever before when refinancing, thanks to the early conclusion of the Adverse Market Refinance Fee. (iStock)
It just got even cheaper to refinance a mortgage, thanks to historically low interest rates and the elimination of a 0.5% refinancing fee for lenders.
Now that lenders don t have to pay the Adverse Market Refinance Fee, they can pass on the cost savings to borrowers. The Enterprises (Fannie Mae and Freddie Mac) got rid of this fee earlier than expected, so that borrowers have the opportunity to