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FHA Mortgage Insurance Rate Going Down

Posted By Wally Reule @ Jan 8th 2015 1:36pm In: Miscellaneous

The FHA just announced that the rate for mortgage insurance will go down from 1.35% of the loan balance to about .85%. For the average FHA home buyer this move will reduce the monthly payment by $75. It is estimated that this move will allow 250,000 more buyers to enter the market.

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