FHA to Cut PMI Premiums!?!

Various headlines are shouting about FHA CUTTING annual pmi premiums by ½ point.  This means the annual premium would fall from 1.35% to .85%…a significant savings in monthly payments…on a $300,000 loan this means pmi payments would fall from $338 per month to just $212.

Content Source: Craig Doty - Prime Lending

Will keep you posted once it happens.