FHA to Cut PMI Premiums!?!

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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.

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