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Why Refinancing Just Became More Expensive

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Why Refinancing Just Became More Expensive


A new Federal Housing Finance Agency fee could mean your next mortgage refinance will be a little more expensive than you hoped. Beginning this month, the agency is assessing a 0.5% fee on lenders for newly refinanced mortgages. The fee itself is designed to help Fannie Mae and Freddie Mac cope with losses stemming from the coronavirus pandemic. The Federal Housing Finance Agency oversees the two…

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