C.A.R. Responds to Delay of New Refinance Fee that Hits Borrowers

The California Association of REALTORS® issued a statement regarding the Federal Housing Finance Agency’s (FHFA) announcement to delay the implementation of a new fee on the loan amount for the majority of Fannie Mae and Freddie Mac refinance loans.

C.A.R. is concerned that because lenders have already begun passing this punitive fee onto consumers, it will hinder the ability of California families to take advantage of the historically low interest rates. 

Read more of the statement here.