Recent Posts

It’s Official FHA Reduces Mortgage Insurance

by on January 14th, 2015 Leave a Comment

It’s official FHA  is reducing mortgage insurance for new loans as of January 26th. The monthly mortgage insurance is being reduced from 1.35% to .85%. This is a huge deal.  For example it is $1000 a year for $200,000 loan. For someone shopping for a home to purchase their buying power just increased.   This […]

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Market Prices Strong and Inventory Tight

by on January 12th, 2015 Leave a Comment

The 2014 real estate market in DC and Montgomery County ended true to the pattern it had followed throughout the year – with the District remaining strong in home prices and inventory tight, even though days on market increased over last year. Montgomery County closed out the year with an increase in contracts for condos […]

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FHA TO REDUCE ANNUAL INSURANCE PREMIUMS

by on January 12th, 2015 Leave a Comment

Reduction to increase credit affordability and reflects improved economic health of FHA WASHINGTON – As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half of a percent. This action is projected […]

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