forgot password?   register

#housing #investing #politics more»
737,038 comments in 75,820 posts by 10,911 registered users, 7 online now: Dan8267, drBu, jazz music, Kepi, P N Dr Lo R, rpanic01, Tim Aurora

new post

FHA Mortgage Insurance Premium To Rise In 2012 (

By OurBroker   2012 Jan 2, 11:43pm   524 views   0 comments   watch (1)   quote      

The legislation passed by Congress in late December which continued the payroll tax reduction for 60-days also increased the cost of using Fannie Mae and Freddie Mac plus -- as a dividend of sorts -- raised the annual FHA mortgage insurance premium.

The Fannie Mae/Freddie Mac increase will go into effect April 1st. At this writing the date of the FHA increase has not been announced.

Such increases will make financing marginally less affordable, thereby pushing down housing demand and home prices. It is not what the housing market needs, nor is the FHA increase justified by program performance. See:


users   about   suggestions   contact  
topics   random post   best comments   comment jail  
patrick's 40 proposals  
10 reasons it's a terrible time to buy  
8 groups who lie about the housing market  
37 bogus arguments about housing  
get a free bumper sticker:

top   bottom   home