FHA Premiums to rise TODAY

Borrowers will be charged higher mortgage insurance premiums on new Federal Housing Administration loans. The annual fee on the majority of FHA loans will rise by 0.1 percent.

The FHA premium hikes are part of an effort by the agency to increase its insurance fund. In early June, the FHA will require borrowers who take out new FHA loans to pay for mortgage insurance for the entire life of the loan.



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