Saturday, January 21, 2017
FHA loans will be a little more expensive on Monday than they were on Friday
The good news was that the mortgage insurance rate was reduced recently, which means a significant savings for home buyers. But that was last week. The bad news is that the new administration's Housing and Urban Development Department raised the insurance rate back up to where it was yesterday.😭This erases a savings of about $1500 annually for FHA buyers in L.A. Read about it here from today's L.A. Times.