Last month when the companies announced that would soon be offering a new refinance program targeted at millions of low-income families. However, when the programs were announced, neither Fannie nor Freddie revealed when the programs would actually be available. We now have our answer.
Last year saw the highest volume of mortgage refinancing since 2003 thanks to historically low interest rates, but according to the federal government, millions of low-income families were not able to take advantage of those low rates. That could soon change. Read more about how Fannie Mae and Freddie Mac are Unveiling a New Refinance Program for Low-Income Families.
Believe it or not, tax season is already here. And if you are looking for possible deductions on your federal income taxes, there are plenty of reasons to read on about form 1098. If you completed a mortgage refinance in 2020, you may be realizing the benefits of lower payments and possibly a lower rate.
The fact that interest rates have remained this low for months has fueled an extreme and lengthy refinance boom in the mortgage business. But just how long is that boom going to last?
If you've been following the news lately, you may know that mortgage rates are just about as low as they've ever been. And that may have you thinking about refinancing your mortgage.
The housing industry has just over a month to get ready as Federal Housing Finance Agency Director Mark Calabria reiterated last week that Fannie Mae and Freddie Mac will implement a 50-basis-point fee on certain refinances on Dec. 1, 2020.
When you hear the words 'mortgage rates have dropped' and 'lowest refinance rates in years,' many thoughts may race across your mind like 'how does that affect me?', 'what can I do to learn more?' and 'where do I start?'
There are many reasons why homeowners decide to refinance their home loan.
VA Loans help active military and veterans qualify for homeownership, and if you already have a VA loan, now is a great time to refinance at today's low rates.
Today's low mortgage rates may cause many to start thinking about refinancing. To keep your loan moving through the potential application traffic, it might be wise to gather the following documentation now for less problems locating this information later.