1/20/17 – FHA rescinded lowering of their Mortgage Insurance

Today, the Federal Housing Administration rescinded the lowering of the mortgage insurance monthly premium rate by .25%.  This was all due to the Trump Administration determining that the lowering would not be in the best interest of the institution at this time.  This could be revisited at a later date….So the mortgage insurance on FHA remains at .85%.  For more information:  Call Jeff at 661-964-2600.

Southern Oaks Mortgage, Inc. is a licensed Broker/Lender with the CalBRE Lic. #01458657, NMLS #237717.

#FHA #lowermiprate #valenciamortgage  #FHAloans

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>