Tag Guaranty Fee

Tag Guaranty Fee

Congress votes to increase Delaware mortgage rates through increased Guaranty Fee – 2012

John Thomas January 20, 2012 Tags: , ,

Delaware mortgage rates will be increasing in the first quarter of 2012 for all conventional loans backed by Fannie Mae and Freddie Mac because of the bill to extend payroll cut extension for two months. Two-month extension costs borrowers for the next 10 years! You need to act fast to avoid the interest rate increase, call now at 302-703-0727 or APPLY ONLINE to avoid paying this higher rate.

The U.S. Congress recently passed a two-month payroll tax cut extension. The $33 billion packages are funded by a 10-year increase in the Guaranty Fees that Fannie Mae (Fannie) and Freddie Mac (Freddie) charge lenders to guarantee home loans. Keep Reading...