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.
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Thank you for watching and listening, have a rate day!