Biden's new mortgage rules may increase fees for some borrowers.

The Biden Administration has introduced new rules on mortgage fees that will increase costs for certain high borrowers with a credit score above 680, while those with lower credit scores will pay a lower rate. The changes are intended to provide equitable access to homeownership, but critics argue that the new rules appear to subsidize homeowners with lower credit scores. The new rule also makes it more expensive for borrowers who want to refinance. A bill in Congress aims to repeal this new policy, but for now, it is set to go into effect on Monday.