Coming Soon to Your Refi: A Half-Point Fee that Could Add $2,500 or More to Costs

Orange County Register, Aug. 20, 2020–Jeff Lazerson
Last week came announcements from mortgage giants Fannie Mae and Freddie Mac that an “adverse market fee” of one-half point will be added to all refinance transactions effective Sept. 1.
The fee is aimed at lenders but will be passed down to borrowers. (MBA mention)