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Marti Pattinson

News About Interest Rates

Here's some important news about interest rates that you really need to know:

As directed by the Federal Housing Finance Agency (FHFA), the mortgage agencies, Fannie Mae and Freddie Mac, are required to increase the guarantee fee charged for all new mortgages financed on or after April 1, 2012. What does this mean? Rates on all agency loans (Fannie Mae and Freddie Mac) will start to reflect the extra cost in higher interest rates as soon as February 1st. So if you’ve been waiting on lower rates, now is a great time to “get off the fence.” Waiting could cost you dearly…

Please call 281-703-0016 or email Marti@MartiP.com and allow us to assist you with your home financing!


Published Friday, January 13, 2012 1:00 AM by Marti Pattinson

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