Mortgage fees are rising on home loans backed by Fannie Mae and Freddie Mac

Mortgage fees are rising on home loans backed by Fannie Mae and Freddie Mac

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A rule change related to how America's largest loan guarantors calculate upfront mortgage fees is set to take effect May 1. Fees on new mortgages will become relatively cheaper for home loans backed by Fannie Mae and Freddie Mac. For borrowers with higher credit scores, the costs are generally…

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