CONVENTIONAL LOAN PRICING TO INCREASE

Fannie Mae and Freddie Mac have announced that they will be worsening their base pricing by approximately .50 effective  4/1/12.  This means that many Lenders will begin increasing their fees immediately as any loan delivered to an Investor 4/1/12 or after must include these fees.  This change is a result of the Temporary Payroll Tax Cut Continuation Act of 2012.  Both Agencies state that they will monitor their fee changes and may need to implement additional pricing changes in the near future.

If you or your clients are considering a Conventional loan purchase or refinance transaction, now would be the time to act before the pricing increases!

One thought on “CONVENTIONAL LOAN PRICING TO INCREASE

Tell me what you think

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s