Some lenders already are charging borrowers higher loan-level price adjustments that take effect April 1 for mortgages delivered to Fannie Mae. The fees will not affect borrowers with FICO scores above 740 and loan-to-value ratios of 75 percent or less; otherwise, though, the costs could as much as double in some cases.

Given that home prices likely will not rise for some time, experts say buyers have time to improve their credit scores to benefit from better risk-based pricing.

Source: Mortgage Fees on the Rise Again, MarketWatch, Amy Hoak (01/25/11)

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