Florida Mortgage Trends

Date: January 17, 2012

Specifically:

• Freddie Mac and Fannie Mae are increasing their Guarantee Fee (GFee) effective with April “settlements,” which will worsen pricing.

• In order for a loan to meet the April settlements, all current loans MUST be closed by Feb. 29, 2012.

• The GFee increase will worsen prices by up to 80 bps depending on note rate.

• AmeriBest Mortgage is staggering the impacts of that increase by Rate Lock Period in an effort to offer lower rates to consumers in the market for as long as possible.

These changes do not affect FHA, VA, USDA or Jumbo loan lock extensions.  Please call AmeriBest Mortgage immediately to lock & close your conventional mortgage as soon as possible there is still time before rates rise.  We are currently offereing the LOWEST rates of 2012 right now.  You can reach us at (321) 777-7277.