Beginning October 4th 2010, FHA will increase Mortgage Insurance from .55% to .85%.
On a home selling for $299,000 this would increase your mortgage payment by $73.00. That's almost $900 per year to live and own the exact same home! (Home must be purchased by September 30th to ensure FHA case number at current rates).
Interest rates continue to be amazing, averaging between 4% and 4.25%. But of course no one knows what the future holds for our economy - or what decisions the Federal Reserve will be making,
If purchasing a home is in the cards for your family in the forseeable future, please reach out to Cindy Fox today to see if we can team up to make the dream of homeownership a reality for your family.
Cindy Fox
Senior Mortgage Planner
12500 Fair Lakes Circle, Suite 130
Fairfax, VA 22033
to apply online:
(703) 409-2002 cell
(571) 405-2549 direct fax
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