FHA just lowered MI - Good News for all selling to the FHA market!

[Melissa Tucker]

Hi BP,

President Obama was in Phoenix earlier this month and announced that mortgage insurance on FHA loans is being reduced by 1/2% from 1.35% to .85%. Borrowers using an FHA loan can either keep more money in their pockets or buy more home. It's also a good time to discuss refinancing if you have an FHA loan. I'm not a loan officer but I think this is good information for investors to be aware of. Click here to see my blog post on the topic.

Happy Investing!