For about the samemonthlypaymentas their oldloan, FreddieMacsaid, theycouldshaveabout $70, 000 in interest over the lifeof the loan witha shorter20-year mortgage.
Some 17% of Fidelity Select Home Finance's assets were invested in Fannie and Freddieas of July 31, compared with a 28% weighting for its benchmark, he said.