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New Mortgage Refinance Programs from Fannie Mae and Freddie Mac are Expanding to Reach More Homeowners

22 Nov New Mortgage Refinance Programs from Fannie Mae and Freddie Mac are Expanding to Reach More Homeowners

Posted at 18:54h in Alerts by Alert team

Industry Update
November 11, 2021

Source:  CNBC

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.

 

For full report, please click the source link above.

 

 

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