Higher Mortgage Rates In 2013?
The news that renters and home buyers do not want to hear is that 2013 will almost certainly see higher housing costs, higher rents and various mortgage fees.
This year also sees the introduction of several new mortgage regulations, and anyone applying for a mortgage will potentially be affected by these.
If you apply for a FHA mortgage and have a lower down payment, you will have higher rates for your mortgage insurance.
In an ongoing effort to add to its reserves, the FHA (Federal Housing Administration) has implemented various raises to insurance premium costs … Read more at 2008 Taxes.