David Price, RE/MAX Centre Realty
  • Recent Posts

    FHA Mortgage Reduction Put on Hold

    About an hour after President Trump was sworn into office today, the Department of Housing and Urban Development made official what had been expected for the last week for so: the mortgage insurance premium reduction on FHA mortgages scheduled to take effect January 27 has been suspended. Trump’s choice to lead HUD, Ben Carson, said […]

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    FHA Reduces Mortgage Insurance Premiums

    The Federal Housing Administration is cutting the annual premiums on mortgage insurance on home loans the agency insures by a quarter point. The FHA projects that homeowners it insures will save about $500 per year with the new premiums. The lower premiums will take effect January 27. They are coming after mortgage rates recently hit […]

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    Mortgage Rates Begin 2017 Lower

    For the first time since the 2016 presidential election, long-term mortgage rates have dipped downward. Mortgage buyer Freddie Mac reports┬áthat the average rate on 30-year fixed-rate loans declined from 4.32 percent to 4.2 percent last week. The average rate for 15-year fixed-rate mortgages fell, too, from 3.55 percent to 3.44 percent last week. December also […]

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