FHA Financing News

Great news for Home Buyers seeking FHA Financing!! In an effort to reduce the nations’ home affordability challenges, FHA will lower its annual Mortgage Insurance Premium by .30% -from .85% to .55%!  This change will take effect on March 20 and is expected to save FHA loan borrowers, primarily low- and middle-income and first-time buyers, an Read More

Rate Hike!!!

Increasing inflation and pending recession… what does this mean for those looking to obtain a mortgage to purchase a home? In an effort to fight inflation and avoid recession the Federal Reserve is increasing interest rates. Today, June 15th, the Federal Reserve is hiking the rate by 0.75% in a bid to tackle the mounting Read More