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Rate text information is intended as a general market reference only, as of the date of creation, and intended for mortgage professionals and their partners' use. It is not intended for public distribution, online posting, or to serve as an…

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FHA MIP Reduction

Federal Housing Administration (FHA) Announces Mortgage Insurance Premium Reduction for all FHA Loans  March 27th, 2023 | Tom Theewis  In late February of this year, the U.S. Department of Housing and Urban Development (HUD) announced that it will be reducing…

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What is a 2-1 Buydown?

With interest rates still at a high, temporary buydowns have become an avenue that some sellers and buyers may consider. A 2-1 buydown program is a concession offered by sellers to incentivize buyers. A 2-1 buydown essentially allows borrowers to…

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