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Good news if you are considering purchasing a home soon...FHA will lower the annual private mortgage insurance premiums on FHA loans that will close and fund on or after January 27, 2017. Equates to about $500/yr savings on mortgage and earns borrowers about $10K more of qualifying power on purchase price of home (example based on $200K sales price). For more info on how this could help you, give me a call!
Source (click here)