New Fannie Price hits

Over the next few weeks Fannie Mae will be introducing an additional price hit on all loans it accepts.  Earlier this year they added .250% to every file in an effort to increase profits.  They are now increasing that by another .250% per loan so that starting in October, they will be making an additional .5% on all loans.  This does not mean peoples rates will be going up by  .250%, but the lenders will have to factor it into their daily pricing which will lead to a short time rate bump.