Conventional mortgage refinances just got more expensive
That’s right, conventional mortgage refinances just got more expensive. Both Fannie Mae and Freddie Mac issued bulletins on August 12,2020 announcing the implementation of a new “Adverse Market Refinance Fee” which will apply to all conventional refinance mortgages closed on or after September 1, 2020. The bulletins state that the new fee of 0.5% of […]