Refinancing fees for the common, conventional loans are increasing by 0.5%, due to a government mandate. That can add an extra $2000 to the cost of a $400,000 loan.
You might have heard that this will start as of December 1. This is somewhat misleading, as a loan has to be completed before that time. Because of the possibility that a loan might close after the deadline, many lenders are imposing the extra fee now or by the end of September.
If you are going to refinance, you need to call me now to avoid the extra fee.