Mortgage Refinance Fort Lauderdale If you’ve been considering refinancing your home, rates are looking exceptionally good right now. And now that Fannie Mae and Freddie Mac have delayed the refinance fee for three months, it’s the perfect time to jump on this.Despite record-low interest rates, the two agencies recently announced that they would be charging an extra 0.5% “adverse market fee” for refinances to go into effect September 1. But advocacy groups and lawmakers called foul, feeling it was unacceptable for the lenders to tack on fees amid a pandemic. Now, the new fee is set to take effect on December 1, so borrowers have a prime window of opportunity. The timing is more than right if you’re looking for a cash-out refinance, are looking to lower your mortgage payments or reduce debt. With historically low rates, homeowners looking to refinance may not get this chance for a very long time after the fee gets reinstated. With this new change, mortgage experts are expecting to see a rush of refinance applications. And with mortgage refinance approvals taking anywhere from 45 to 60 days, the window is not as wide as it may sound. If you’re thinking of refinancing, you want to consider at what point you will break even on closing costs to make it worthwhile. Florida State Mortgage Group, Inc. 1512 E Broward Blvd #204A, Fort Lauderdale, FL 33301 (954) 359-3000 Mon-Fri 9am-5:30pm Sat:10am-3pm Sun:10am-2pm https://www.google.com/maps?cid=5464149498827190981