SFL Real Estate news- Obama to reduce FHA mortgage insurance rate

By
Real Estate Agent with South Florida Estate Homes Inc

SFL Real Estate news- Obama to reduce FHA mortgage insurance rate

Real estate market data provided by your local expert, Jacob Thomas- SFEHomes

SFL Real Estate news- Obama to reduce FHA mortgage insurance rate

 

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Obama to reduce FHA mortgage insurance premium rate

The FHA plan will reduce annual mortgage insurance premiums by 0.5 percentage points, saving buyers $900 per year, according to the White House. Read more.

Some consumers now have easy access to credit scores

Free credit reports have been around for a while, but not the three-digit number lenders use. However, some websites and credit cards now offer the actual score. Read more.

Florida Realtors: Get $1,000 or more for college

Florida Realtors Education Foundation Student Scholarships offer $1,000 or more to residents planning to attend college full-time in the 2015-16 academic year. Read more.

The Fed is getting itchy to raise interest rates

When the Fed raises rates, it generally hikes the cost of an adjustable-rate mortgage, and it often indirectly pushes the rate higher for fixed-rate loans. Read more.

Zillow, ListHub to end listings agreement

The ListHub data loss will remove "a few hundred thousand listings," according to Zillow, which says it will now focus directly on brokers and local MLSs. Read more.

 

 

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Comments (2)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Jacob - This is good news. Lower FHA premium will help buyers qualify for more mortgage.

Jan 08, 2015 07:15 AM
Jacob Thomas, Weston, Davie, Coopercity, Southwest Ranches, Miramar Realtor
South Florida Estate Homes Inc - Weston, FL
South Florida Estate Homes Inc.

John,

Thanks for stopping by, let's hope this happens soon!

Jan 08, 2015 06:34 PM