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Refinancing – a new fee from Fannie Mae and Freddie Mac
A new -.50 basis point fee was announced this week affecting conventional refinances through Fannie Mae and Freddie Mac loans that close after Sept. 1. For a borrower refinancing a $300,000 loan to take advantage of record-low rates, the move will add $1,500 in new costs. The new fee was announced late Wednesday. Freddie Mac’s …
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