On 7/16 Fannie Mae and Freddie Mac decided to remove the 50 basis points fee that were adding to the rate of all conventional loans.
This was added after COVID and I am super happy it is being removed.
The removal of this costs will decrease rates by about .25% for most borrowers.
Maybe you or someone you know felt the rates were to high or that it was not enough savings. Could be time for another look.
Let me know if you have any questions or concerns.
I do Mortgages for a living, if I can ever help you buy or refinance a home let me know!
· Apply for a mortgage now at https://timhart.floify.com/apply-now
· TEXT “APPLY” to 239-437-4278
· Call me or text me 239-910-5668
· Talk to my team were here to help! 239-437-4278
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