According to the New York Times,
INSIDE the interest rate quoted on your home lies a small hidden fee that has been charged by government-sponsored entities like Fannie Mae and Freddie Mac for more than three decades. It’s an add-on rate known as the guarantee fee.Everyone has to make a living, including Fannie Mae and Freddie Mac, don't you think? But just think of the fees collected over the years that seem to have been squandered in the so-called "sub-prime crisis." In any event, it means a small rise in interest rates is coming in the days ahead.
Read the full story here.
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if you have questions about what you see here, contact
Stephen M. Flatow, Esq.
Stephen's Title Agency, LLC
165 Passaic Avenue, Suite 101
Fairfield, NJ 07004
Tel 973-227-4724 - Fax 973-556-1628
E-mail Stephenstitle AT comcast.net - www.stephenstitle.com