Bonds and Mortgages get a jump start to this week after still riding the “Quantitative Easing” statement of the Federal Reserve last week. Mortgages were able to close at the best levels since August 30th. All good news for home owners. Now the question seems to be how low can rates go? Stay tuned for […]
FHA Mortgage Insurance Premium Changes October 4, 2010
Government FHA changes impacting Seattle real estate buyers and owners. Changes starting 10/4/2010! UFMIP is reduced to 1% but the MIP has been increased to .85% – .95%. This MIP increase will reduce the purchase power for buyers.