So if anyone is wondering why mortgage rates have up ticked, look no further than Fannie and Freddie, as MarketWatch reports,
"Fannie Mae FNMA, said Wednesday that they will start charging a 0.5%“adverse market fee” on all refinances, including both cash-out and non-cash-out refis. The new fee goes into effect Sept. 1."
Adverse Market Fee... That's funny, so you go into Treasury conservatorship and make billions for the US Treasury and now you need to up the vig??? During Covid under the cloak of risk? Look I get it, I get the risks, but isn't this why the FED is doing QE???
I think this is absurd, but that's just me. Read more HERE
Fannie & Freddie up the Vig
So if anyone is wondering why mortgage rates have up ticked, look no further than Fannie and Freddie, as MarketWatch reports,
Adverse Market Fee... That's funny, so you go into Treasury conservatorship and make billions for the US Treasury and now you need to up the vig??? During Covid under the cloak of risk? Look I get it, I get the risks, but isn't this why the FED is doing QE???
I think this is absurd, but that's just me. Read more HERE