March, 2023
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HUD Announces Lower Mortgage Insurance Premiums for FHA Loans
On February 22, 2023, the Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), announced a significant reduction in annual mortgage insurance premiums for newly originated FHA loans.
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With Interest Rates Soaring, Borrowers Turn to Buydown Agreements
As interest rates and property values remain at a steady high, borrowers are trending towards 2-1 temporary buydown agreements to keep their initial mortgage payments down. These borrowers are hopeful that they will be able to refinance in the future to bring their payments down permanently.