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FHA Will Increase Cost of Up-Front Premiums

By tovarichpeter   2012 Feb 27, 10:23am   646 views   1 comment   watch (0)   quote      

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

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1   TPB     2012 Feb 28, 1:42pm  ↑ like   ↓ dislike   quote    

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%.

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