FHA Will Increase Cost of Up-Front Premiums


By tovarichpeter   Follow   Mon, 27 Feb 2012, 6:23pm   372 views   1 comment
Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://www.bloomberg.com/news/2012-02-27/fha-to-boost-cost-of-up-front-mortgage-insurance-premiums-75-basis-points.html

Viewing Comment 1-1 of 1     Last »     See most liked comments

  1. TPB


    Follow
    Befriend (1)
    65 threads
    1,209 comments

    1   9:42pm Tue 28 Feb 2012   Share   Quote   Permalink   Like   Dislike  

    Wow yet another fee. At 3.67% I will pay more a month to refinance, than what I'm paying now, when I bought at 4.75%. The difference all being incremental increases in the FHA fees, MIP fees and other various petty up charges. It's a damn shame the markets dead, or home owners would be able to bridge the budget gap with in a year. Something tells me, that I'll still be ahead staying put in my 4.75% loan, when rates go to 2%.

tovarichpeter is moderator of this thread.

Email

Username

Watch comments by email
Home   Tips and Tricks   Questions or suggestions? Mail p@patrick.net   Thank you for your kind donations

Page took 75 milliseconds to create.