Fannie Mae and Freddie Mac expanded a home refinance program that helps low-to-moderate income households, giving them a better opportunity to refinance now while interest rates are low. The program was launched in June of 2021, but recently the income limit qualifier was increased as well as other modifications to the program to reach more homeowners.
This article written by Sarah O’Brien for CNBC includes additional details about the program expansion:
New mortgage refinance programs from Fannie Mae and Freddie Mac are expanding to reach more homeowners
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