|
In another attempt to help the housing industry, FHA will be raising it's mortgage insurance premium by 25 basis points effective with case numbers issued on 04/18/11. While that may not seem like much, on a $100,000 loan amount, that is an extra $20.83 per month. While that may not seem like much, when you add it to the 35 basis point increase last year and you have an annual premium that is more than double what it used to be. That translates into a real decrease in purchasing power for most first time homebuyers. 
;)
;)
Find MI real estate agents and Grand Rapids real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
