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Updated about 10 years ago,
FHA to Cut Mortgage Insurance Premiums
To those of us who have FHA loans, this could mean a decrease in your monthly mortgage payment.
http://in.reuters.com/article/2015/01/07/usa-housing-fha-idINL1N0UM18T20150107
The Federal Housing Administration will reduce annual mortgage insurance premiums by 0.5 percentage point to 0.85 percent from 1.35 percent, the White House said on Wednesday.
President Barack Obama will discuss the action in a speech in Phoenix on Thursday.