Refinance San Diego If you have been thinking about refinancing your current mortgage, you may just have another good reason to move on it. Although Fannie Mae and Freddie Mac had been set to impose a new 0.50% charge on refinances on September 1, industry groups such as the National Association of Realtors® and the Mortgage Bankers Association pushed back. Now, those agencies have delayed that fee until December 1. What this means to homeowners who are considering refinancing their mortgages is the timing is as perfect as possible for someone who has been taking a wait-and-see approach. There are many reasons a homeowner may want to refinance. Maybe you’ve built up equity and would like to make use of that money. Maybe you financed at a time when your qualification profile subjected you to a higher interest rate. Maybe you want to get rid of your PMI. Maybe you are paying off some high-interest consumer debt.With today’s current rates at below 3% and economists saying rates will stay low through the rest of the year, people are seeing particular value in refinancing their homes. But because interest rates are so low right now, lenders are seeing a refinancing boom that has created a backlog in getting loans approved. Consequently, borrowers who are looking to refinance before the fee is reinstituted should consider moving quickly. Community Mortgage 814 Morena Blvd #310 San Diego, CA 92110 (619) 692-3630 https://www.google.com/maps?cid=10479155514255890680