Fannie Mae & Freddie Mac Pandemic Upcharge Fee Dropped
The Federal Housing Finance Agency announced Friday that a 50 basis point fee added to all home loans delivered to Fannie Mae and Freddie Mac will be dropped. The fee was instituted during the past year to cover projected pandemic losses, and it was passed on to borrowers by mortgage lenders in the form of higher home mortgage interest rates. The elimination of the fee will lead to slightly lower home mortgage loan payments for borrowers.
Ready to buy a new home or refinance an existing home mortgage loan in the Atlanta area or anywhere else in the state of Georgia? Contact Peachtree Mortgage Services, Inc. at email@example.com or 770.481.0052 to discuss our low mortgage interest rates.