Driven by competitive market pressures, average guarantee fees charged by the government-sponsored enterprises for residential loans rose last year.

During 2016, average g-fees on single-family loans that were acquired or guaranteed by Fannie Mae and Freddie Mac worked out to 57 basis points.

That turned out to be a 2-basis-point improvement for all of the GSE’s loan products when compared to the average for the preceding year.

Source: Mortgage Daily