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Tag Archives: Federal Housing Administration

FHA mortgage holders getting half-percent cut on insurance premiums

An improved housing market has led the Federal Housing Administration (FHA) to reduce the annual mortgage insurance premiums new borrowers will pay by half of a percent. The premium cut is projected to save more than two million FHA homeowners an average of $900 annually and spur 250,000 new homebuyers to purchase their first home over the next three years, ...

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Home sales last year were better than in 2008

Many believe the federal first-time home buyers’ tax credit was the key   Numbers are in from 2009 home sales, and last year’s sales were better than those in 2008. Sales in November and December were up from 2008 due to the rush to buy before the end of the federal first-time home buyers’ tax credit, which was originally set ...

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