Fannie Mae has announced that it will charge certain extra fees as of Feb. 2. Here are the details in brief. Thanks to lender Dana Dukelow for bringing this to my attention.
Condos - rates will be .5% higher than for single family homes
Duplexes - rates will be .75% higher than for single family homes
Cash-out refinances - rates will be .5% higher than for rate-and-term-only refinances.
While this is not necessarily good for buyers, rates are still low. It indicates a policy that favors purchasers who want to live in neighborhood family homes over investors.
Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
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