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Refinancing is about to get more affordable.
That’s because the Federal Housing Finance Agency is eliminating its “adverse market fee” — a 0.5% fee charged on all Fannie Mae and Freddie Mac refinances.
The FHFA instituted the fee just eight months ago to offset the losses expected from the COVID-19 pandemic. Though borrowers didn’t pay the fee directly (it was incurred by the lenders who issue the loans), experts …
