A Guide to the Pennsylvania Mortgage Market
ARCHIVED BLOG POSTS
The recent reduction in the FHA Mortgage Insurance Premiums will definitely increase the number of new mortgages going the FHA route. FHA has it's strong points: more flexible credit guidelines, higher debt ratios allowed and lower interest rates. However, one of the areas that has always raise...
As recently announced, the FHA will be reducing their annual mortgage insurance premium from a factor of 1.35 to .85. This translates to $500 per year in savings for every 100K borrowed. This reduction combines with today's low fixed rates can result in some significant savings for current ...
FHA Mortgages are about to get cheaper. President Obama announced today that the FHA will lower its highest annual mortgage insurance premiums from 1.35 percent to .85 percent. This reduction could mean some big savings for home buyers and for those who refinance with the FHA program. Thi...