Urban Institute: 4 positive ways FHA cuts will impact mortgages

Mortgage News You Can Use

Housingwire – Brena Swanson

The recent announcement that mortgage insurance premiums for Federal Housing Administration mortgages will decrease from 1.35% to 0.85% is welcome news for the mortgage industry, according to a new post from the Urban Institute. “Existing homeowners who refinance into an FHA mortgage will see similar reductions to their mortgage payments as well,” said a statement from the White House at the time of the announcement. “In total, this action will help millions of families save billions of dollars in mortgage payments in the coming years, helping to support the housing market recovery.”

>> Read More: http://www.housingwire.com/articles/32678-urban-institute-4-positive-ways-fha-cuts-will-impact-mortgages

Visit my website at: www.juliecnichols.com

View original post

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s