Homeowners: A new survey released Thursday reveals a growing number of homebuyers have to purchase mortgage insurance (MI) along with their home—and many aren't prepared
for the additional cost. 37 percent of homeowners who purchased within the last decade required MI. Looking at just the last two years, that number is up to 43 percent, reflecting the troubles buyers are having meeting normal down payment minimums as home prices march up. While FHA loans may be available, #home buyers, especially first time buyers, may not realize the options available to them that don't require PMI insurance. Mortgage Rates Continue Month-Long Slide: #Mortgage rate declines have continued now for more than a month straight, bringing interest rates down once again to new 2014 lows. read more.
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