FHA Lowers MIP
11 February 2015
The Federal Housing Administration has lowered the Mortgage Insurance Premium (MIP) from 1.35% to 0.85%. This is the first time the FHA has lowered the MIP since 2001. This move will bring more first-time homebuyers into the housing market as homeownership will become more affordable. The average household could save up to $80 on their ...