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For the third time this year, Fannie Mae and Freddie Mac are lowering the benchmark interest rate for standard mortgage modifications. And unlike last time, both of the government-sponsored.

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Step 1 is to rid yourself of the notion that in shopping for a reverse mortgage, the target shopping variables are the interest rate and upfront lender fees. We have all been conditioned to think that.

For the second time in 2017, Fannie Mae is lowering the benchmark interest rate for standard mortgage modifications. Typically, Fannie Mae and Freddie Mac increase or decrease the benchmark interest.

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