Seattle / Bellevue Real Estate Mortgage Rate Watch: Unemployment Rate Drops! Economic Recovery continues, BUT rates IMPROVE. That is against reason. Lets break it down. The Unemployment Rate drops from the previous months reading of 9.0% to 8.9% which is great news for the economic recovery. This would come as bad news to bonds as […]
FHA Increases the Annual MIP on April 18, 2011
To follow the established rules for the required reserve requirement of the Mutual Insurance Fund, FHA will increase the annual mortgage insurance premium (MIP). The increase of .25% (25bp) was announced. To avoid this increase you must have your case number assigned on or before April 14, 2011. FHA recently increased the annual MIP to […]