FHFA’s Refinance Fee was postponed for 90 Days by lawmakers. Mortgage rates went up suddenly during the past three weeks. Without a locked-in rate, borrowers seeking to refinance noticed discounts, credits, and savings start to slip away. Why did interest rates rise? The first reason was rise in the 10-year treasury bond from .52 to .74.Lenders normally charge more interest on mortgages when the yield on the 10 year bond rises, which means that record low points also translate into much lower interest rates on mortgages due to lowered interest. A second reason was a new refinance fee that was scheduled to begin on September 1. The fee has since [...]