Gregory Manns

I would like to share an important change in FHA lending which takes effect on April 18, 2011 when the monthly mortgage insurance premium on FHA insured loans will increase 0.25%. For example; on a $150,000 purchase price the monthly premium will increase from $108.56 per month to $138.72 per month. The real estate industry has been greatly affected by how difficult it is for buyers to obtain financing. Home prices appear to have stabilized and consumer confidence is rising steadily. I sense that inventory is low due to the banks releasing their foreclosures portfolios at a slow controlled pace (in an effort to avoid flooding the market and potentially causing a negative impact on the overall economy). Interest rates recently rose sharply it certainly appears to be an ideal time for buyers who are sitting on the fence to seriously consider buying a home. The opportunity to take advantage of these low home prices and historically low interest rates will surely benefit today's hom