FHA Mortgage Insurance Premiums Going Up In April 2011
Starting April 18th the annual mortgage premium for FHA loans will be going up 25 basis points. What this means to you is that (on average) for every $50,000 in purchase price you will pay around $10 extra a month for your FHA insured mortgage.
Although it is true that something must be done to protect FHA insured loans, this definatly won't be welcome news to those buyers just scraping by to qualify.