Breaking News Seattle / Bellevue Real Estate Mortgage Rate Watch: FHA, Fannie Mae & Freddie Mac Increasing Costs Again? Yes! We did not mean that in a good way either. FHA is going to announce on Monday how they will roll out a new plan to increase costs of financing on Monday the 14th. And no FHA you will NOT be our Valentine. We are not feeling the love. Back on track, FHA is speculated to raise costs on not only the Up Front Mortgage Funding Fee but also to the monthly mortgage insurance. We will bring more details on this Monday. We are also closely following developments from Fannie Mae & Freddie Mac. It is being proposed that they increase the funding fee’s. They just implemented a Credit Risk pricing program and now they are going to increase again…. Who pays for this? The consumer. So with all of the ADVOCATION to protect the consumer and create massive regulation on the mortgage industry. INCREASING FEES are the final outcome? For now it looks so.
