Mortgage Refi Costs Expected to be Cheaper After Fannie, Freddie Drop Fee

Mortgage Professional America, July 20, 2021–Candyd Mendoza
The cost of refinancing mortgages backed by Fannie Mae and Freddie Mac is expected to fall following the Federal Housing Finance Agency’s announcement that the government-sponsored enterprises will eliminate the much-criticized 0.5% “adverse market refinance fee” starting August 01. (MBA mention)