Boston/Brookline Markets read the FHA news that will impact your buyers!!!

Ouch! FHA Mortgage Insurance Premium scheduled to rise on April 18, Obama Admin pushing for lower FHA Loan Limits by October, and Congress considering raising down payment from 3.5% to 5%: TIME TO BUY. http://www.marketwatch.com/story/higher-costs-ahead-for-fha-insured-mortgages-2011-03-07 What does this all mean? YOUR loan officers, bankers, whatever you call them, are skilled in explaining this information better than myself, but more importantly let your buyer clients know that the cost of borrowing money will get more expensive and challenging.... Reach out today and educate yourself; send a mailing; or pick up that tool called the telephone and call your clients to say BUY! Cheers...Happy St. Patrick's Day to all...