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(CNN) -- Record low mortgage rates have many homeowners looking to refinance. But come next month, borrowers might be in for a shock. Fannie Mae and Freddie Mac will be charging a new -- and hotly ...
A mortgage refinance might cost borrowers more than they expect despite low rates, now that an additional fee has taken effect. As of Tuesday, borrowers will be subject to a new 0.5 percent adverse ...
Mortgage refinancing has quickly become the belle of the savings ball, with homeowners lining up to cash in on record-low mortgage interest rates. However, the cost of refinancing is poised to rise—or ...
This story has been updated with reaction from industry trade groups. The Federal Housing Finance Agency announced Tuesday it is postponing the date it will begin implementing its adverse market ...
Fannie Mae and Freddie Mac announced they will add a 50 basis points fee to all refinances starting Sept. 1. “As a result of risk management and loss forecasting precipitated by COVID-19 related ...
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Refinancing is set to get more expensive this fall. A new fee, known as the “adverse market refinance fee” (Fannie Mae) or the “market condition credit fee” (Freddie Mac), will be assessed to most ...
The elimination of a controversial fee could spark more interest in refinancing. Here's what homeowners need to know. The Covid-19-fueled hot housing market has driven up home prices, driven big ...
August 31, 2020 Add as a preferred source on Google Add as a preferred source on Google As Bankrate reports, mortgage experts are expecting a rush of new mortgage refinance applications to avoid this ...
Editor’s Note: Updated: After this story was published the Federal Housing Finance Agency announced it would delay the implementation of the adverse market fee on refinanced mortgages to December 1, ...
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