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Monday, April 24, 2023

The Daily Money: Mortgage fee changes are coming next month

Starting May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted.
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Mon Apr 24 2023

 

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. 

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

🍔 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.

FILE - In this Jan.25, 2018 file photo, CEO of LVMH Bernard Arnault presents the group's 2017 results in Paris, France. The billionaire French donors including Bernard Arnault, CEO of luxury giant LVMH that owns Louis Vuitton and Dior, publicly promised flashy donations, but it's mainly American citizens that have footed the bills and paid salaries for the up to 150 workers employed by the cathedral since the April 15 fire. (AP Photos/Michel Euler, File)

The richest person in the world is neither Amazon founder Jeff Bezos nor Twitter CEO Elon Musk, though they traded hands at the top spot for years.

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Jeff Shell poses for a picture at the LA Promise Gala in Universal City, California, in 2014. Shell, the chief executive of NBCUniversal, is departing the company after an investigation into inappropriate conduct.
 

NBCUniversal CEO departs after 'inappropriate relationship'

"I had an inappropriate relationship with a woman in the company, which I deeply regret," Jeff Shel said in a released statement.

Cans of Bud Light beer are seen, Thursday Jan. 10, 2019, in Washington.
 

Bud Light leadership 'adjustments' made after conservative boycott threats

Anheuser-Busch has decided to shake up its marketing leadership after its Bud Light brand became, quite literally, a target for conservatives.

A silver 2021 Ram 1500 EcoDiesel, a full-size pickup truck.
 

Ram, Jeep, Chevrolet, Nissan and more recalled 238,000 vehicles: check recalls

The U.S. National Highway Traffic Safety Administration has issued several recalls in the last week, including Ram, Jeep, Chevrolet and Nissan.

Until March, AdventHealth Wesley Chapel was the Florida community's only hospital. Soon it will have two competitors in the Tampa suburb, all within a five-minute drive of one another.
 
For subscribers

How a 2019 Florida law catalyzed a hospital-building boom

Florida is seeing a hospital-building boon after the state dropped a requirement that companies obtain government approval.

A dog is eating pet food in a bowl.
 

How to save money on pet food amid rising costs

The cost of pet food rose 14.4% in March from a year ago, but inflation hasn't stopped Americans from spending on their pets.

A soap bubble with a dollar sign in it about to be popped by a hand holding a pin.
 
For subscribers

Are wages for new hires falling?

Salaries for new hires are slowing in sectors such as finance, real estate, insurance and tech, says payroll processor Gusto. It could ease inflation.

Use mulch to cover up any bare soil spots to keep weeds at bay.
 

Spring gardening: How to save money on mulch and get it for free

Mulch is a material spread over the surface of soil that protects plant roots and reduces weeds.

Hyundai and Kia are telling the owners of nearly 485,000 vehicles in the U.S. to park them outdoors because they can catch fire even if the engines have been turned off.
 

18 states ask for recall of Kia, Hyundai vehicles vulnerable to theft

Eighteen states have called for a recall of "unsafe" Hyundai and Kia vehicles manufactured between 2011 and 2022.

IKEA: IKEA announced all of its stores are closed temporarily.
 

IKEA to open more stores in the US

IKEA plans to add eight new stores in the U.S. over the next three years.

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