Obama announces cheaper FHA mortgage insurance premiums

President Barack Obama said in a speech Thursday that mortgages need to be more accessible and affordable to creditworthy families to spur a stronger housing market.

FHA Set To Raise Premiums on Mortgages

The Federal Housing Administration has just announced plans to raise premiums on most new mortgages by 10 basis points (0.1%), meaning that the average borrower can expect a $13 increase on their monthly repayments, according to reports.

Emerging Trends in Housing this Summer

What can we expect from the housing markets as this year’s selling season kicks off? With housing markets across the nation showing signs of improvement, we’re faced with quite a different picture to what we’ve become accustomed to. What follows are a few unfamiliar trends that we’ve seen emerge over the spring.

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