Archive for Archive for January, 2015

FHA Lower Annual Mortgage Insurance Premiums Rates!

Great news for FHA buyers. Effective January 26, 2015 FHA is lowering the annual Mortgage Insurance Premiums rate from 1.35 percent to 0.85 percent. For the typical first-time homebuyer, this reduction will translate into a $900-$1,000 reduction in┬átheir annual mortgage payment. Existing homeowners who refinance into an FHA mortgage will see similar reductions to their […]

Posted by: najirashid on Tuesday, January 13th, 2015