August 25th, 2023 1:12 PM by Edward Foy
FHA Reducing Annual Mortgage Insurance Premium (MIP) by 30bps "The premium will be reduced from 0.85 percent to 0.55 percent for most homebuyers seeking an FHA-insured mortgage, which could mean an estimated savings of $678 million for American families in aggregate by the end of 2023 alone. The reduction will benefit an estimated 850,000 borrowers over the coming year, saving these families an average of $800 annually." https://loom.ly/p6kynCo
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