Is An FHA Mortgage Better Than A Conforming One?

The FHA is insuring a greater percentage of loans than during any time in recent history. In 2006, it insured roughly 5 percent of the purchase mortgage market. Today, it insures one-quarter. ”Going FHA” is more common than ever before — but is it better? The answer — like most things … [Read more...]

Get Your Applications In : FHA Mortgage Insurance Premiums Rising 0.25 Percent April 18, 2011

After this week ends, the FHA is raising mortgage insurance premiums on its new borrowers. It’s the FHA’s third such increase in the last 12 months. Beginning with FHA Case Numbers assigned April 18, 2011, mortgage insurance premiums will be higher by 25 basis points per year, or … [Read more...]

FHA : Monthly Mortgage Insurance Premiums To Rise April 18, 2011

For the third time in 12 months, the FHA is changing its mortgage insurance costs. Effective for all FHA case numbers assigned on, or after, April 18, 2011, annual mortgage insurance premiums (MIP) will increase 25 basis points. The change will add $250 to an FHA-insured homeowner’s annual … [Read more...]

WEEKLY HOT RATES for the week of 7/22/2010 as provided by Guarantee Mortgage

WEEKLY HOT RATES for the week of 7/22/2010 as provided by Guarantee Mortgage Wow!  These low interest rates should help get into our pricey S.F. real estate market. 30 Yr Fixed Conforming to $417K 4.250% "1.000" POINTS APR = 4.435% 30 Yr Fixed Jumbo to $729,750. 4.375% "1.000" POINTS APR= … [Read more...]

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