FHA Defends: Federal Housing Administration officials stressed to lawmakers on
Wednesday that the agency is not putting its finances at risk by its
recent move to reduce the insurance fees it charges home buyers when it still hasn’t met its mandated capital ratio funds rate. Effective Jan. 26, FHA lowered its annual mortgage insurance premiums by
half a percentage point from 1.35 percent to 0.85 percent. The move is
expected to save an average borrower $900 annually, read more Mortgage Rates Remain Near 2013 Lows
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