Fannie Mae and Freddie Mac are raising risk fees charged to lenders on loans they buy for resale to investors for the first time since 2009. They are also adding risk fees to more loans offered to borrowers with exemplary credit. Although lenders could absorb the cost, most are expected to add the fees to loan costs.
I often say that now is the time to buy. If you have excellent credit, closing on a Tehachapi or Kern County area home loan before March or April could save you money. Everyone likes to save money don’t they?
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