Our Blog


Refi’s Just Got Cheaper!

As you may know, in mid-August, Fannie Mae and Freddie Mac announced an “adverse market fee” that increased interest rates for home loan refinances. However, in a dramatic shift, the start date for that fee has just been delayed!

How Much Cheaper?

The refi fee added a .5% surcharge on refinanced home loans. While the exact amount of the fee depends on the loan, the average increase amounts to $1400 per loan.

Now You See It, Now You Don’t

Before word of the fee increase, low interest rates had fostered a rush of home loan refinances. We personally helped many borrowers take advantage of the low rates to reduce their monthly payment through refinancing.

However, without warning, in mid-August, the Federal Housing Finance Agency (FHFA) announced a new refinance surcharge that would take effect September 1, 2020. The price increase came as a shock to the mortgage industry – who was then suddenly responsible for covering the new fee for loans with locked pricing that were already in the pipeline.

Needless to say, there was an outcry from the mortgage industry.

It worked. On August 24, 2020, the FHFA postponed the start date for the fee from September 1, 2020 to December 1, 2020. They also exempted refinance loans with balances under $125k.

What Does This Mean?

If you want to refi a home loan of $125k or less, you are not affected by the fee. If you are considering a refinance for a loan over 125k, now is a great time to take action. If you want to beat the fee, we need to get your refi started and processed now – before the new federally mandated deadline.

Let Me Help You Save Money!

I would love to assist you with your new mortgage refinance loan – but we have a new, tight deadline before the fee kicks in and need to get started ASAP!

Questions? Ready to get started on your refi? Contact Me!


Branch Manager, CMPS – NMLS# 256350

(c)  (651) 276-9439
(e)  kathy.lawler@axiahomeloans.com
(w)  kathylawler.axiahomeloans.com


3 Signs The Company Is Too Good to Be True

Work for us and you’ll be rich, powerful, and wildly happy. The lure of the siren song is real. Offers may sound really attractive, companies may feel warm and cozy, and the people may make you want to jump ship tomorrow. Beware. Pay close attention to the top three...

Axia is Like Family

We keep hearing from the team that Axia is like family. Here’s some things to keep in mind when you hear Axians make that analogy 😊 Axia Is Like Family – In a Good Way We won’t ask to borrow money. What’s yours is yours – you’ve...

Are You Settling for Good Enough?

This is the best move I ever made! Did you feel like that when you signed on with your company? Do you still feel lucky to be there? If you do, that’s awesome! If not, according to Forbes, you’re among the more than half of U.S. workers who are unhappy with their...

Where’s the Love? Top 3 Reasons LOs Leave

LOs are in a unique position. You make your own success, but you can’t be fully independent. You have to be tied to a lender, but you have a lot of choice about which one. If you’re good at your job, lenders near and far woo you...

Want new articles before they get published?
Subscribe to our Awesome Newsletter.

Secure Site  Equal Housing Opportunity

Rick Robertson | NMLS# 120044
Bellevue Branch: 1120 112th Ave NE #600, Bellevue, WA 98004
Axia Home Loans Corporate: 1120 112th Ave NE, Suite 600, Bellevue, WA 98004 - NMLS #27830

© 2007 - 2020 Axia Home Loans. All rights reserved. Axia Home Loans is a registered trade name of Axia Financial, LLC.

Better Business Bureau