Collier Swecker video blogs about how FHA is raising the annual PMI rate is going up from 0.90% to 1.15%, an increase of nearly 28%. This increase will take effect on April 18, 2011 and will make the cost of an FHA loan more expensive on a monthly basis for borrowers. A typical $200,000 FHA loan will cost approximately $40 more per month. If you have any comments or questions about this FHA PMI increase, email me at Collier@MegaAgentRealEstate.com or visit my website at www.MegaAgentRealEstate.com.
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