Fees on some mortgages increased by Freddie Mac

Freddie Mac has increased its fees which will raise the costs of borrowing for some home mortgage borrowers. The mortgages which will be affected by the higher fees include finance for condominiums, loans which help borrowers to pay interest only in the initial years, refinance which allows the borrowers to cash out their home equity as well as those loans which are offered to borrowers with low credit scores and down payments.