Government Announces FHA
Refinancing to Get Less Expensive
- FHA to reduce annual mortgage insurance premiums by $900 per year
for the average first-time homebuyer.
- Mortgage insurance savings applies for new home purchase or existing
home refinance FHA loans.
- More than 800,000 FHA borrowers are projected to take advantage of
these lower rates this year.
- Lowered premiums will create opportunities for 250,000 new
homeowners to purchase a home in the next 3 years.
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