mortgage: A Kick in the Pants
- 03/09/11 12:17 PM
Feet-draggers now have a pressing reason to make a move on that home they’ve been eyeing for months. As of next month, anyone who obtains a Federal Housing Authority-insured mortgage to buy the home of their dreams will have a higher monthly payment. The FHA is raising its mortgage insurance premium fees by a quarter of one percentage point on 15- and 30-year mortgages. That financial talk means the average mortgage for an FHA home buyer could increase by $30. Now, that may not sound like much, but it can mean a lot for the typical FHA home buyer. See, the … (2 comments)
Feet-draggers now have a pressing reason to make a move on that home they’ve been eyeing for months. As of next month, anyone who obtains a Federal Housing Authority-insured mortgage to buy the home of their dreams will have a higher monthly payment. The FHA is raising its mortgage insurance premium fees by a quarter of one percentage point on 15- and 30-year mortgages. That financial talk means the average mortgage for an FHA home buyer could increase by $30. Now, that may not sound like much, but it can mean a lot for the typical FHA home buyer. See, the … (2 comments)
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