Higher interest rates because of imigration reform
G-FEE Increase For Immigration Reform
Last Friday, Congress passed HR 6429 which will pay for certain immigration reforms with the FNMA/FHLMC Guarantee Fees. Basically, American consumers buying or refinancing their homes will be paying for immigration reforms through higher interest rates and fees on mortgages. Pick up the phone TODAY and let your Senators hear from YOU. G-fees should only be used to help the FHFA, not pet projects that do not involve housing. Also, it is never too late to call your congressman and let them know why this is a bad idea.