October 22, 2020
Business News

Refinancing your mortgage will cost more thanks to a new fee from Fannie Mae and Freddie Mac – MarketWatch

If youre in the process of refinancing your mortgage, you may end up paying more than you expected.Fannie Mae
and Freddie Mac
announced Wednesday evening that they will now be charging a 0.5% adverse market fee on all refinances, including both cash-out and non-cash-out refis. The new fee goes into effect Sept. 1. As a result of risk management and loss forecasting precipitated by COVID-19 related economic and market uncertainty, we are introducing a new Mar…

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