FHA insurance premiums going up April 1

On April 1, and again on June 1, mortgage insurance premiums for FHA loans will go up. Buyers who want to avoid having to pay the higher rates should apply for a loan — and get an FHA case number — no later than March 31.

The next day, the premium will rise from 1.0% of the loan to 1.75%, and annual fees will rise as well (by 0.1% or 0.25% for loans between $625,500 and $729,750).

Click here to read more from The Mortgage Reports.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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