by garyandlisa
April 6, 2011
Investors
Although analysts are sounding a cautionary note, the number of Americans applying for mortgages rose by 16.1 percent in the first week of March – the largest monthly increase since June of 2009. The activity could be due to investors with money to spend, and not the first-time homebuyers who will play a vital role …
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by garyandlisa
April 4, 2011
Buyers
In part due to the increasing share of new mortgages being financed under its auspices, the Financial Housing Administration (FHA), is once again raising costs on its annual mortgage insurance premiums, effective April 18th.
The increase, which will comprise of a 0.25% rise in costs for both 15 and 30 year fixed-rate mortgages, is part of …
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