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Thursday, January 8, 2015

It is Time to Buy!!! - Mortgage Insurance Premiums Going Down and Interest Rates are Low!

President Obama is expected to announce a cut in FHA Mortgage Insurance Premiums to Boost Homeownership. Monthly MI rates to be cut by 0.5%, to 0.85%. What does this mean? On a $280,000 FHA purchase borrowers can expect to pay approximately $110 less per month. See article below.

http://www.bloomberg.com/news/2015-01-07/obama-said-to-announce-cut-in-fha-mortgage-insurance-premiums.html



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