Currently viewing the tag: "government loan programs"

Changes to FHA Home Loan Approval Rules

On January 21, 2010 By

Securing an FHA mortgage is about to get more expensive.

The FHA announced Wednesday that it is making a few policy changes to reduce their overall risk.

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FHA Interest Rates Back to 5%

On December 16, 2009 By

It’s been an interesting week for the FHA loan rates.

We’ve had every piece of bad news that mortgages could hear:

The economy is rebounding.  We’re seeing expansion in nearly every key metric. Housing is on a roll.  This also has negative signals for the FHA interest rates. Inflation is starting to creep up.  Inflation [...]

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FHA Interest Rates Almost 2 Points Lower

On November 30, 2009 By

It’s been an incredible month for the Government loan programs.

Today, we’re looking at the 4.75% 30 Year Fixed Rate.

On October 16th, the discount points required to buy the loan down to 4.75% was 1.82%.

As of today, it’s…..0.000%.

This is a staggering 182 basis point run in just 45 days.  On an average [...]

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