Yes, Rates Are Near the All-Time Low
Mortgage interest rates continue to be near the all-time low levels we have been experiencing since June of this year. In today’s edition of m,y blog newsletter, I am sharing new and important data on interest rates for you to consider.
The Low Will Not Continue Until 2023
The main misconception I want to dispel this: Some people may believe that this historically low rate environment is going to continue until 2023, and that even lower rates will become available, especially for refinancing. This is NOT correct.
FHFA Fee Increase on Refinances
In last month’s issue, I discussed the refinance fee hike imposed on all loans sold to Fannie Mae and Freddie Mac, which was supposed to take effect S