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Rates on 2nd Homes Are Going Up!

As you're probably aware, rates in general have jumped significantly over the last 2 weeks. However, the FHFA (entity that oversees Fannie and Freddie) recently announced that they are adding tremendous pricing adjustments to 2nd homes starting in early March.

So if you have a client who is looking at purchasing a 2nd home this spring, they either need to close on it prior to March 7th or brace themselves for a much higher interest rate!

I'll be available all weekend if you have a client who would like to begin the prequalified process before Monday!