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ALERT: IT’S GOING TO COST YOU MORE TO REFINANCE STARTING DECEMBER 1ST!

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The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to increase the fees charged to lenders by .5% beginning December 1. Fannie and Freddie insure a large majority of mortgage loans and this fee increase will be passed on to borrowers. On a $500,000 mortgage loan that means an extra $2500 in …

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2020 SEPTEMBER REAL ESTATE AND MORTGAGE TRENDS – SAN DIEGO, CALIFORNIA

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The biggest news so far in September, is that Homebuilder Confidence rose to another record-breaking high. It reached up 5 points to 83 – the highest in the NAHB’s survey 35-year history. Any number above fifty is considered positive. Lumber costs have risen from demand and difficulties for supply have hindered construction. According to the …

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