Good Morning!As I told you in my Feb 29th entry – FHA mortgage insurance rates are going up accross the board.
…except in one catagory, and you might just benefit from this!
If you closed your FHA loan before May 31st of 2009 then you qualify for the new streamlined refinance rates of 0.55% Annual MIP, and the up front premium goes down to 0.01%!
This makes refinancing FHA loans closed before May 31st of 2009 a no brainer.
If you are in this catagory – shoot me an email or give me a call and I can help you out!