Potential home buyers looking for FHA loans are soon going to have to make larger down payments and will need to have a higher credit score under changes announced today by HUD Secretary Shaun Donovan. …
The rest is here:
FHA Changes Are Near | The Right Mortgage Blog
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- http://garyholden.typepad.com/blog/2009/12/real-estate-hud-secretary-shaun-donovan-made-it-official-last-week-applicants-for-fha-insured-mortgages-httpbitly4blol.html
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Tags: changes-announced, down payments, FHA, FHA Credit, home buyers, HUD, make-larger, score-under, secretary, secretary-shaun, soon-going
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With less than two weeks of Fed purchases remaining, investors will be watching closely to see if the Fed's exit has an impact on mortgage rates. This week's inflation data showed that inflation is not a concern right now. The February Core Consumer Price Index ... All very good news for mortgage rates! Current rates: 30 Year Fixed: 4.875 % 15 Year Fixed: 4.25 % FHA 30 Year: 4.875 % VA 30 Year: 4.875 % 5 Yr ARM: 3.75 % Jumbo 30 Year Fixed: 5.625 % Jumbo 3 Yr ARM: 4.5 % ...