Mortgage Information
Mortgage Rate remain low, historically
Recently, I’ve been hearing some fretting amongst home buyers about interest rates heading into the 5’s. It’s been a few years since rates have gone above 5% so many may not know how good they have it. The graph belows shows rates for a 30-year fixed mortgage over the past 20 years. Even if…
FHA to increase its mortgage insurance premium
If you’re currently looking to purchase your home (house, condo, townhome) with an FHA Loan, the cost of that loan will be increasing soon. Effective April 18, 2011, the FHA monthly mortgage insurance premium will be increasing 0.25% for all loans with case numbers issued on or after April 18th. The net effect of the…
