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Re: FFFacts post# 628917

Wednesday, 08/26/2020 11:29:28 AM

Wednesday, August 26, 2020 11:29:28 AM

Post# of 794377
Yanks, I think FFF and others are correct:

Starting September 1, for refinance mortgages, lenders will pay an extra 0.5 percent of the loan amount as a one-time charge; it is not a 0.5 percent increase on the annual mortgage interest rate.



From: https://www.fanniemae.com/portal/research-insights/perspectives/2020/liquidity-stability-mortgage-market-crisis-081920.html