As expected, FHA is raising the Mortgage Insurance effective for all New Case Numbers Sept 7th, 2010. Currently FHA Mortgage Insurance is .55% and will almost double to .90% monthly. FHA is expected to yield approximately $300 million with this new Change having the cost passed onto Buyers. Mortgagee Letter is forthcoming with full details.
BUY NOW OR PAY MORE
Have a Real Estate Question, call Kathy or visit: www.KathyHyatt.com
BUY NOW OR PAY MORE, WHAT IS GOING TO BE?