Both Fannie Mae and Freddie mac are changing their seasoning requirements from 6 months to 12 months. This means to use a higher value then what was paid for the property 12 months has to have gone by since the purchase instead of the previous 6 months to be able to take cash out of the property.

The average owner occupant home buyer will not be effected really at all. But, it does effect investors who might look to rehab a property, rent the property, then refinance pulling cash out for the next one (or, commonly called BRRRR. Buy, Rehab, Rent, Refinance, Repeat ). We have always had a program that would not require waiting for the 6 months seasoning, but it has become a lot more important now as the wait has doubled for the low conventional rate. (at least relative to other options)

Info on our no seasoning refi here: https://hurstlending.com/no-seasoning/