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CNN CNN This Morning Weekend June 4, 2024 11:21:00

Gotten some people confused is that the previous pricing from fannie mae and freddie mac who, of course, guarantee a lot of norths in this country have some anomalies in it. in order to correct it, a few borrowers are going to pay more with good credit and some with less good credit will pay a little less. i think the thing to focus on, though, is the result of the changes. so now for a given down payment, let s sea you put 10% down, a lower credit score borrower pays more in every case, and a higher credit skoer pays less in every case and that s the think i think that s important to focus on. let s put it into real numbers based on a $400,000 home. let s start with a 640 credit score. before the rate was 3%. that would have been $12,000 over the life of the loan with 20% down. now that s down to 2.25%, ....

Fannie Mae , Freddie Mac , Down Payment , Focus On , Credit Score , Credit Skoer , 2 25 ,