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New fee on mortgage refinancing?

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    New fee on mortgage refinancing?

    Congress was planning to institute a monthly fee on refinances to pay for reinstituting the payroll tax cut. mortgage guy told me that the surcharge passed independently. Does anyone know if this is true, or where I would find out?

    And has anyone any knowledge of any real plans yet for the refinancing program that the President mentioned in his speech the other night? Or does anyone have an idea of where I would look to keep track?


    Homebuyers, beware.
    In exchange for a two-month tax cut, the Senate on Saturday approved a permanent increase in fees attached to mortgages backed by Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA).
    The fee hike would apply to new mortgages and new refinances, and would last for the life of the loans.

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