FHA to Reduce Annual Insurance Premiums

The Federal Housing Administration (FHA) will reduce annual premiums new borrowers pay by a half of a percent, HUD Secretary Julian Castro announced. Will this propel the housing market forward? Reducing FHA premiums for new borrowers by a half of a percent, is projected to save homeowners about $900 annually and spur more than 250,000 new home buyers to purchase their first home over the next three years, according to Castro. That’s about 75,000 new home buyers per year. Watch my new Real Estate Minute video to find out more. Looking for more of my real estate and personal finance tips? Subscribe to my YouTube channel: https://www.youtube.com/use... Read my blog: http://thinkglink.com See my tweets: http://www.twitter.com/glink Follow me on Facebook: https://www.facebook.com/ilyceglink?ref=hl