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FHA again Reduces Mortgage Insurance Premiums, Lowering Costs for 1 Million Households

January 9, 2017 5:03 pm

Annual mortgage insurance premiums for Federal Housing Administration (FHA)-backed mortgages are lowering toward their pre-bust level, with FHA announcing on Monday another reduction, this time to 0.60 percent for most borrowers. The one-quarter point reduction is expected to save FHA-insured borrowers with a closing date on or after Jan. 27, 2017 an average $500 this […]

The post FHA again Reduces Mortgage Insurance Premiums, Lowering Costs for 1 Million Households appeared first on RISMedia.

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