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!