The Daily Money: Mortgage fee changes are coming next month

Starting May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted.

Read in browser Read in browser The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW Mon Apr 24 2023 Happy Monday, Daily Money readers! It's Amanda Pérez Pintado with the top headlines to start your week.  Buying a house soon? Be aware that mortgage fees are changing soon.  Starting May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted due to changes in the Loan Level Price Adjustments.  Under the upcoming changes, homebuyers with higher credit scores, in some cases, may face higher fees, while people with lower credit scores will pay less.  Read more about the changes here.  Is the US going into a recession? Most corporate economists don't see a downturn happening within a year, according to a survey by the National Association of Business Economics. The survey found 54% of economists at companies and trade groups put the odds of a downturn in the next 12 months at 50% or less, while 44% say there's a better than even chance of a slump. In January, a poll of a similar group found 54% viewed a recession within 12 months as probable. 📰 More stories you shouldn't miss 📰 NBCUniversal CEO Jeff Shell steps down after "an inappropriate relationship"  You can get student loan forgiveness in some states even if Biden's debt plan fails Starting salaries are dropping in some sectors, payroll firm says 'A big crazy adventure': Teen who biked from Alaska to Argentina is backpacking his way home 🍔 Today's Menu 🍔 McDonald's menu: Starting Thursday (and for a limited time), you can get free dipping cups of Big Mac sauce when you order McNuggets through the McDonald's app. You can also get order packets à la carte with any order.  About The Daily Money  Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. Who is the richest person in the world? Elon Musk bumped from the top. The richest person in the world is neither Amazon founder Jeff Bezos nor Twitter CEO Elon Musk, though they traded hands at the top spot for years. READ MORE Advertisement NBCUniversal CEO departs after 'inappropriate relationship' "I had an inappropriate relationship with a woman in the company, which I deeply regret," Jeff Shel said in a released statement. READ MORE Bud Light leadership 'adjustments' made after conservative boycott threats Anheuser-Busch has decided to shake up its marketing leadership after its Bud Light brand became, quite literally, a target for conservatives. READ MORE Ram, Jeep, Chevrolet, Nissan and more recalled 238,000 vehicles: check recalls The U.S. National Highway Traffic Safety Administration has issued several recalls in the last week, including Ram, Jeep, Chevrolet and Nissan. READ MORE How a 2019 Florida law catalyzed a hospital-building boom Florida is seeing a hospital-building boon after the state dropped a requirement that companies obtain government approval. READ MORE How to save money on pet food amid rising costs The cost of pet food rose 14.4% in March from a year ago, but inflation hasn't stopped Americans from spending on their pets. READ MORE Are wages for new hires falling? Salaries for new hires are slowing in sectors such as finance, real estate, insurance and tech, says payroll processor Gusto. It could ease inflation. READ MORE Spring gardening: How to save money on mulch and get it for free Mulch is a material spread over the surface of soil that protects plant roots and reduces weeds. READ MORE 18 states ask for recall of Kia, Hyundai vehicles vulnerable to theft Eighteen states have called for a recall of "unsafe" Hyundai and Kia vehicles manufactured between 2011 and 2022. READ MORE IKEA to open more stores in the US IKEA plans to add eight new stores in the U.S. over the next three years. READ MORE Advertisement Sign up for the news you want Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. SEE ALL NEWSLETTERS ➔ SEE ALL NEWSLETTERS ➔ Newsletters   |    eNewspaper   |   Crosswords Follow Us Problem viewing email? View in browser Unsubscribe  •   Manage Newsletters  •  Terms of Service  •   Privacy Policy/Your California Privacy Rights  •  Privacy Notice  •   Do Not Sell My Info/Cookie Policy  •  Feedback