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Thursday, March 28, 2024

FHA Home Loans Will Save Borrowers An Average $800 A Year Starting In March. Here’s Who Qualifies

Serious savings are coming to some mortgage borrowers in March. The Biden Administration has announced that it will slash mortgage insurance premium fees by 0.30 of a percentage point—from 0.85% to 0.55%—for mortgages backed by the Federal Housing Administration (FHA). The savings will average $800 …

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