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FHA is raising the costs for a FHA mortgage

Ok, the good news is that the program still exists. Haha. FHA is raising the costs for a FHA mortgage. Effective April 9, the upfront fee is going to 1.75% and the monthly fee is increasing from 1.15 to 1.25. Also, Effective March 19,2012 HUD is suspending

History will repeat itself

I hope all is well in your world today. I wanted to write you and give you some of my thoughts and opinions on what I see developing in the housing and economic climates. Home loan interest rates are at an all time low, as of 12 th August it hit 4.4 percent,

Senate Approves Increase in FHA Fees

Senate Approves Increase in FHA Fees The Senate on Wednesday gave the Federal Housing Administration the go-ahead to raise monthly fees that borrowers pay the agency. The annual fee is expected to raise from the current rate of 0.55 percent to 0.9 percent