• Michael Belfor

New Tax on Mortgage Refinances from the FHFA

The Federal Housing Finance Agency just announced a surprise fee on all new refinance transactions that are sold to Fannie Mae and Freddie Mac, which make up approximately two thirds of all loans. The fee will be assessed, regardless of the bank or mortgage company you choose to work with. This will result in a small increase to the interest rate that would have normally been available.

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