LLPA to change with Fannie/Freddie on Second Home & High Balance

[David Kelly]

A bulletin today has been posted regarding second home and High balance loans with Fannie/Freddie.  This will affect pricing on rates.  Meaning your 3.5% quoted rate today may not stay the same at some point in the future.  We are not sure if investors that offer our rates are already pricing in the adjustments, but if you are currently looking to lock in something on a property like this, I would look at doing it sooner than later.

My only guess is that investment properties will at some point be affected, but I don't have any info of it happening at this point.