We are seeing refinancing potentially get a little cheaper, as Fannie Mae and Freddie Mac dropped a 50 basis point fee instituted to protect against projected losses during the Pandemic.
The fee was as much as one eighth of a point when refinancing. This means borrowers could potentially save $20 a month on a $300,000 loan refinance. With the pandemic fee waived, we are seeing rates again near record low territory.
So fill out our one minute refinance consultation on our website and we see how much you can lower your monthly payment or get cash out or both.
