22 Nov New Mortgage Refinance Programs from Fannie Mae and Freddie Mac are Expanding to Reach More Homeowners
November 11, 2021
The goal of Fannie Mae’s and Freddie Mac’s refi programs is to help low-to-moderate income households take advantage of historically low mortgage rates. Borrowers whose earnings are not above their area’s median income will generally be eligible if they can meet a different requirement. The average rate on a 30-year fixed rate mortgage is 2.78%, according to real estate site Zillow.
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