Click Here to Search Local Mortgage Rates
LOS ANGELES, CA — Feb. 14. (FreeRateUpdate.com) – There has been talk, amid rising delinquency rates approaching 10% on FHA insured mortgages, that FHA will increase required down payments to 10, 20, even 30% for those purchasing homes with FHA loans. Despite the fact FHA delinquencies are at a all time high, this talk of a significant increase in FHA down payment requirements is unfounded. FHA has always been offering down payments of as little as 3%, even before the sub prime… Read more
FHA mortgage rates continued to hold at near record lows this week. Prices of Residential Mortgage Backed Securities which move opposite FHA loan rates moved upward this week despite weak demand at the treasury bond auctions held by the Fed. FHA reserves required by the government fell below minimum levels it was announced this week. FHA says they are not in need of a bailout and this issue continues to be a non factor as far as FHA mortgage rates are concerned. Though there’s been lots of talk… Read more
On April, 05 2010, MI will be boosted to 2.25 and minimum credit scores will be raised. Read about this and other NEW FHA Loan Guidelines.
Delaware Mortgage - DE Mortgage Blog - John Thomas talks Delaware mortgages.
Minnesota Mortgage - MN Mortgage Blog - Josh Manier talks Minnesota mortgage.
Interested to know if we offer mortgage leads? Need FHA leads? Get information on FreeRateUpdate.com internet mortgage leads.
Supreme Lending offers a first class mortgage net branch alternative, an opportunity endorsed by FreeRateUpdate.com.
