New ‘adverse market fee’ could impact homeowners trying to refinance
A new .5 percent “adverse market refinance fee” could have major financial implications on homeowners looking to refinance.
“This is being passed on to the consumer,” said Justin Burris, a branch manager at Fairway Independent Mortgage Company in Raleigh.
Historically-low interest rates have fueled a surge of homeowners opting to refinance.
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