Come April 18, the FHA will increase its annual mortgage insurance premium by 25 basis points on 30- and 15-year mortgages.

This move, announced in February in HUD’s Mortgage Letter 11-10, stated that the move will “ensure that FHA will continue its historic role of providing a home financing vehicle during during periods of economic volatility and its mission of helping under-served borrowers.”

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photo of real estate agent Steve Southerland
Steve Southerland
Steve is the founder of Southerland Real Estate. And while he takes pride in having turned his dream into a robust reality, all that takes a back seat to the customer care he provides.