Dennis Callan Team at Colonial Mortgage Advisors

**Importgage reminder for those who haven't refinanced** Back in Aug Fannie Mae announced without warning it was adding an "adverse market fee" to all refinances. Rates immediately shot up .25 to .375% depending on the lender. This was met with huge resistance from the mortgage bankers and brokers associations along with political leaders and they eventually pushed it back until Dec. Now we are starting to see lenders add the fee back since loans that are locked now will be delivered to Fannie Mae in Dec. Two of our biggest lenders announced today that Friday will be the last day to lock a loan before the fee is added. So if you have been sitting on the fence about refinancing now might be your last chance to lock into these historically low rates. Feel free to reach out for a quick quote.