The Daily Money: Mortgage fee changes are coming next month
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.