New head of FHFA, Mel Watts, delays/reconsiders increasing rates
Per a news release today from the Federal Housing Finance Administration, the FHFA will delay the guarantee fee increase that was scheduled to take effect this Winter. This would have resulted in an across-the-board .25% increase for every conforming loan.
New director, Mel Watts, wants to reconsider the effect on the consumer. Good news to home buyers and refinancers!