FHA Will Increase Cost of Up-Front Premiums

By tovarichpeter   follow   Mon, 27 Feb 2012, 10:23am PST   ↑ Like   ↓ Dislike   487 views   1 comment   Watch (0)   Share   Quote  

http://www.bloomberg.com/news/2012-02-27/fha-to-boost-cost-of-up-front-mortgage-insurance-premiums-75-basis-points.html

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TPB   befriend (1)   ignore (3)   Tue, 28 Feb 2012, 1:42pm PST   Like   Dislike     Share   Quote   Comment 1

Wow yet another fee. At 3.67% I will pay more a month to refinance, than what I'm paying now, when I bought at 4.75%. The difference all being incremental increases in the FHA fees, MIP fees and other various petty up charges. It's a damn shame the markets dead, or home owners would be able to bridge the budget gap with in a year. Something tells me, that I'll still be ahead staying put in my 4.75% loan, when rates go to 2%.

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