Rates have remained around 5% most of the last week for 30 year fixed with no points.
For people refinancing their primary residence, they will be able to refinance their Fannie and Freddie loans up tp 105% of a new appraised value, and maybe not have to pay PMI insurance. Full details expected March 4.
As for the 4% rate-that did not make it out of congress. The 5% rates we have now should be jumped on quickly.
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e-bits: A weekly news letter brought to you as a public service by BILL MAUFFRAY, Countrywide Home Loans, a div of Countrywide Bank, FSB. 352-219-3141
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