Bad news for new home buyers

Bad news for new home buyers

Here is a interesting article from CNNmoney about FHA raising their mortgage insurance premiums on loans.

http://money.cnn.com/2012/02/27/real_estate/FHA_mortgage/index.htm

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to avoid this

buy a home over $650k, funny isn't it- they raised premium on loans up to $650k, that covers about 99% of buyers

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Mike
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