Ryan, it hasn't been all that long since you were in college, but you may remember these annoying fees that they would tack on to your tuition, right? Sandy Block: Another one that will really annoy some people, is some colleges are attaching a fee to the cost of lab fees, testing, screening for the pandemic. If you're planning to refinance your mortgage, you might want to try and time it. And the Mortgage Bankers Association, which really had a big problem with this fee, is saying that it would cost the average refinancer about $1,400 in fees. This fee is going to mean that they won't save as much as they thought. Sandy Block: Again, people are refinancing to save money. But they are basically citing additional risks related to the pandemic in refinancing mortgages in announcing this fee. Now they're saying it's going to take effect December 1st, which means people have time to refinance before then. And they originally said it was going to take effect September 1st. ![]() ![]() Fannie Mae and Freddie Mac recently announced that they're going to attach what they call an adverse market fee of 0.5% to any mortgages refinanced through them. Sandy Block: Well, the biggest one that's really shaken a lot of people up, because interest rates are so low that a lot of people are refinancing their mortgages to save money.
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