Have you considered refinancing but waiting for interest rates to go lower? Fannie Mae announced this evening that they will now be adding a .500 fee to all refinances. How will this impact interest rates? In this video, Josh Lewis of Buywise Mortgage and I discuss the breaking news from Fannie Mae and detail what we know at this time.
With no warning, and with little reason or justification, Fannie Mae just announced a .500 loan level price adjustment for basically ALL refinance transactions. With interest rates already up about .125% this week, this will add another .125% in rate for refinance transactions.
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Should you refinance now or wait for interest rates to trend lower?
Have you refinanced already? What interest rate did you get? Do you think you’ll be able to refinance again in the future and get a lower interest rate? Please let me know your thoughts below.
What are your thoughts on the housing market 2020 california, do you think we are in a housing bubble? Do you expect a market crash? What are your predictions for the real estate market 2020? Are you buying a home this year?
Do you believe there is a foreclosure wave coming after the foreclosure and eviction moratorium ends? After watching this video, do you believe there is a real estate bubble or a housing market crash 2020 coming?
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