April 4, 2012
Current News
Tuesday afternoon after the Federal Reserve released the minutes from its March meeting. Mortgage rates of all types — FHA, conventional, jumbo, VA and USDA — are rising. In some cases, sharply. The Federal Open Market Committee meets eight times annually to discuss U.S. monetary policy and, when appropriate, to add, remove, and/or revise policy [...]
Read the full article →
April 2, 2012
1st Time Homebuyer
FHA case numbers assigned after April 9, 2012 will see an increase in upfront and monthly mortgage insurance rates. Effective April 9, 2012, the FHA upfront mortgage insurance premium will go from 1% to 1.75% for all mortgage amounts. The annual mortgage insurance premium will increase from 1.10% to 1.20% for loan to values that [...]
Read the full article →