Hello and I hope all is well! We have seen a small decrease in Conventional mortgage rates and wanted to make you aware.
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 too high or there was not enough savings. Could be time for another look?
If so, feel free to call my office at 239-437-4278 or apply online by clicking here
Let me know if you have any questions or concerns.
Thanks and have a Rate rest of the week!