FHA to Reduce Annual Insurance Premiums
Posted on
January 9, 2015
Reduction to increase credit affordability and reflectsimproved economic health of FHA WASHINGTON – As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half of a percent. This action is projected to save more than two million FHA homeowners an average of $900 annually and...