Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

2017 FHA MIP Change That Wasn't
2017 FHA MIP Change That Wasn't
 
I have seen so many facebook posts about the FHA MIP mortgagee letter that "postponed" the .25% MIP reduction within 1 hour after Donald Trump was sworn in as the President of the United States.
 
Here's a few:
But he just nullified the fee reduction for first time FHA buyers, making it more expensive for poor people to buy a home.
 
 
...and homeownership just got more expensive
 
And Headlines:
Early Trump Moves Makes Housing More Expensive For Millions
 
Trump Suspends Order That Would Have Made Mortgage
Insurance Cheaper for 1M Households  NBC New York
 
First Act Of Trump Administration Make Housing More Expensive Again
 
Trump takes away FHA mortgage insurance not long after being sworn into office
Trump already suspends Obama-Era Mortgage Insurance Cut
 
Sure seems like there is something rotten in Denmark.
 
On January 9th, there was a mortgagee letter that indicated that for loans "closed or funded" after Jan 27th the mortgage insurance premium would be reduced by .25%.  
 
This would equate to about $30-$60/month depending on the loan size for borrowers.  This is not life changing for most, but could encourage some homeowner's to refinance and would offset some of the increase in rates that we have seen since the elections.   
In 17 years in this ... more

__________________________________________________
Are you on The Rain? Grow Your Network!