【CNBC】New mortgage refinance programs from Fannie Mae and Freddie Mac are expanding to reach more homeowners

• The goal of Fannie Mae’s and Freddie Mac’s refi programs is to help low- to moderate-income households take advantage of historically low mortgage rates.
• Borrowers whose earnings are not above their area’s median income will generally be eligible if they can meet some other requirements.
• The average rate on a 30-year fixed mortgage is 2.78%, according to real estate site Zillow.

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