January 2015

FHA Dropping Mortgage Insurance Rates

January 28, 2015

The good news for many would-be buyers is that FHA announced that effective January 26th they are lowering their monthly mortgage insurance rates from 1.35% to .85%. This affects all new mortgages with FHA. As far as a payment goes this would drop the monthly mortgage insurance from $112.50 to $70.83 on a loan amount […]

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