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Home Refi Rates Go Up Soon
Sep 29, 2020
It’s not often we can predict the future of mortgage rates, but Fannie Mae and Freddie Mac decided to issue a 0.5% fee for all refinances** that will likely start impacting rates this week or next. They are calling this an “adverse market fee” due to the potential negative impact of the Covid-19 pandemic.
Intercap Lending can provide a locked-in rate BEFORE this fee is imposed*, but you need to act soon.
*This is not a promise to lend. Applicants must qualify with a complete refinance application to be considered for a locked rate. Please contact your Intercap Lending loan officer for details. **For more information on this new refinance fee, click HERE.