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Lower MIP for FHA Loans

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 Please go to the following link for the full story: 

2015 is the year of falling FHA MIP.

For the first time since 2001, the FHA is reducing its mortgage insurance premiums for U.S. homeowners using the agency's flagship mortgage programs.

Beginning in late-January 2015, all new FHA loans will be granted an MIP reprieve.

The move comes just one year after the government agency took a $1.7 billion cash infusion from the U.S. Treasury -- the first in the FHA's 80-year history.

Better loan performance and rising home values have pushed the group's Mutual Mortgage Insurance fund to an expected balance of +$7.8 billion, which is its largest reserve balance in several years.

With today's FHA mortgage rates at a 20-month best, it's an excellent time to compare FHA loans. 

How is the housing market?

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Please go to and read the full story: Posted in Houston Market | Posted on 12-12-2014 | Written by Metrostudy News.


Job growth is one of the single most important drivers of home demand, and Houston’s pace of job growth is one of the highest in the nation. While not as strong as last year, the general consensus seems to be that job growth in the Houston MSA will continue at a healthy pace throughout the rest of 2014.


Another important driver for new home demand is the extremely tight inventory of resale homes available on the market. Historically low resale inventory levels seem to be pushing would-be resale buyers into the new home market. Buyer traffic and net sales reported in Metrostudy’s monthly survey over the last 12 months have been consistent with the 12 months prior.