Mortgage-Refinancing Costs Expected to Fall as Fannie, Freddie Drop Fee

WSJ2021-07-19

WASHINGTON—The cost of refinancing government-backed home loans is expected to fall as mortgage giantsFannie MaeandFreddie Macare set to drop a fee imposed last year in the midst of the Covid-19 ...

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likaboss
2021-07-19
likaboss
Nice
TheChosenOne
2021-07-19
TheChosenOne
Hahaha
TMK1
2021-07-19
TMK1
Pls like, thanks
Kervin21
2021-07-19
Kervin21
Like and comment pls
- kksuen:
  ok
jjing
2021-07-19
jjing
Like please
- AL30:
  DOne
29e8bc52
2021-07-19
29e8bc52
Ok

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The fee, imposed in December, added about $1,400 to the cost of refinancing an average mortgage backed by the firms, according to an estimate from the Mortgage Bankers Association.\n“The Covid-19 pandemic financially exacerbated America’s affordable housing crisis,” Federal Housing Finance Agency Acting Director Sandra L. Thompson said. “Eliminating the [fee] will help families take advantage of the low-rate environment to save more money.”\nU.S. home pricesover the past year have risen at the fastest pace in decades, asa shortage of homeson the market collides with soaring demand from prospective buyers. The situation has exacerbated concerns about housing affordability and ratcheted up pressure on the Biden administration to respond.\nWith interest rates low by historical standards, millions of Americans have also refinanced existing mortgages to reduce their monthly payments. 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