Thursday, January 8, 2015

FHA slashing mortgage insurance premiums by $900 a year


In a move expected to bring 250,000 first-time homebuyers into the market, FHA will reduce annual premiums by 0.5 percent, to 0.85 percent.

That will make homeownership more affordable for more than 2 million homeowners in the next three years, Secretary of Housing Julian Castro said in a statement.

READ MORE: http://ow.ly/H0YKs

#EstatesByTheBeach #FundingLoansAll50States #FHAMortgageInsurance

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