Rochester New York Real Estate

FHA Fees Were Set To Increase as of Monday

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Tuesday, April 10, 2012

This article from Nasdaq.com informs consumers that insurance rates for FHA mortgages are going up, effective Monday.
As of April 9, 2012, the upfront insurance premium charged on FHA-insured mortgages for home purchases will increase to 1.75 percent, up from 1 percent currently. In addition, annual FHA mortgage insurance premiums will rise by one-tenth of a percentage point.
To read more about this click on the link