Federal Housing Financing Agency Eliminates Adverse Market Charge for Refis
The FHFA oversees Fannie and Freddie and has made some very unpopular moves the past year that increased the costs of a lot of mortgages for home buyers and home owners. Thankfully they eliminated this charge.
This is a VERY good news scenario for anyone that maybe considering a refi, or for some that thought it wouldn't make sense. Last Fall FHFA blindsided the industry with 50 basis point adverse market charge for conventional refinance mortgages. In many cases that increased the rate by 1/4% over the market rate.
Even better news, it is effective immediately
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Since 1987 I have been helping my clients fulfill their dream of home ownership! HomeBridge Financial Services, Formerly REMN, HomeBridge Financial Services is located at 9 Grand Ave, Building 2 Suite A Toms River, NJ 08753. NMLS #6521. New Jersey Licensed Lender and Mortgage Banker #L041053. Visit www.Homebridge.com for more information. NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey, Toms River NJ 08753, Toms River NJ 08755, Brick NJ 08723, Brick NJ 08724 Mortgage in Ocean County NJ, Mortgage in Monmouth County NJ, Jackson NJ 08527, Howell NJ 07731, Lacey 08731 08734, Beachwood 08722 Bayville 08721,
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