My New Blog

Rumors are emerging that HUD my further increase premiums; this will hurt FHA refinances.  Should monthly premiums go up FHA clients refinancing will not see their payments go down even if their interest rate is being lowed.   This may mark the second increase in FHA premiums in the past year.  What does this mean?  If you’re going to refinance your FHA mortgage, do it soon?

Market Update:

As suspected FHA rates have dropped about .25% per issues with the Eurozone.  Looks like a solid plan is in place for the Euro; so expect some recovery in the DOW which will lead to a slight increase in mortgage rates back up about .25 to .5%.