Earlier this month, the President announced that the FHA will reduce its annual premium by 0.5%, or from 1.35% to 0.85%, for a borrower using a 30-year fixed rate mortgage…
Tag: mortgages
Interesting slideshow (and commentary) about why continued low mortgage rates are not leading to a surge in home sales. Mortgages are cheap, but shoppers aren’t splurging – The Week in…
Government supported mortgages aren’t going away soon, nor are the limits on mortgage amounts going to lower. No surprise as high end homes in most regions, like homes over $400,000…
Phoenix-Mesa-Scottsdale area still 23.2% were underwater Home equity has improved with rising prices and the close-out of many foreclosure proceedings, still there are millions underwater on their mortgages, according to…
Flagstaff (Coconino County) limit is reduced to $362,250 The current standard FHA loan limit for areas where housing costs are relatively low will remain unchanged at $271,050. “Where housing costs…