If you have a mortgage from the Federal Housing Administration, it’s about to get more expensive.
The agency says it will raise the premiums it charges borrowers.
Beginning April first, the FHA will hike the cost of up-front mortgage insurance premiums across the board.
FHA is the largest insurer of low down payment mortgages, but the agency’s cash reserves are running low because of borrower defaults.
See the original article at: KHON2 Developing Stories
