I wanted to give you some news related to a post I made a couple of weeks ago that FHA’s monthly MI was going down.
The Trump Administration has indefinitely suspended a scheduled reduction in the annual premium for Federal Housing Administration (FHA) insurance.
A 25-basis point reduction in that premium was announced by then Housing and Urban Development (HUD) Secretary Julian Castro on January 9, scheduled to go
into effect on January 27.
As of this time this reduction won’t happen. I’ll keep watching it for you!…
We have been closing our purchase loans in less than 30 days lately. If you want to buy a house let me know!
Have a good day today!
…and thanks for reading.