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When it comes to financing a home purchase, there are many options available to buyers. One such option is an FHA loan, which is a government-backed mortgage program that offers more lenient requirements for credit scores, down payments, and
According to the National Association of Home Builders/Wells Fargo Housing Market Index, American homebuilders are more optimistic about the housing market, with the index rising by the largest monthly gain since June 2013. Homebuilder confidence in the market for
February 22, 2023 It was announced today through the Housing and Urban Development that FHA will reduce its annual mortgage insurance premium from .85% to 0.55% for most new borrowers. The mortgage insurance premium is the monthly fee homeowners
December 5, 2022 Sitting at just over a week away from the Federal Reserve meeting, we should continue to see more of the same from Jerome Powell and his associates. Last week was filled with a lot of economic
November 15, 2022 Over the past ten days we have realized a 1.0 – 1.5% decrease in mortgage interest rates on mortgages. Inflation numbers and the producer (PPI) and consumer level remain relatively high but the October numbers released
